Baidu’s artificial intelligence product, Ernie bot, has recently achieved a significant milestone by surpassing 100 million users. This impressive feat has led to positive market reactions, as Baidu shares closed 3% higher in U.S. trading.
Ernie bot is an AI-powered chatbot developed by Baidu. One notable aspect of this chatbot is its language versatility, as it can be used in English. However, it is important to note that user registration for Ernie bot requires a China mobile number.
Baidu initially released Ernie bot in March, and it received regulatory approval for mass rollout in late August. This approval allowed Baidu to expand its user base and further establish Ernie bot as a popular AI product in China.
In terms of monetization, Baidu has introduced a subscription model for Ernie bot. Users can now access the most advanced version of the chatbot by paying a monthly fee of approximately $8. This move by Baidu reflects the increasing trend of AI products being monetized to generate revenue.
While Baidu’s Ernie bot has experienced significant success, it faces competition in the Chinese market. ByteDance, the parent company of popular social media platform TikTok, offers its own chatbot called Doubao. This chatbot has gained traction in the free-to-use productivity category, ranking second in China’s app store.
Other major players in the Chinese chatbot market include Tencent and Alibaba. Tencent integrates its chatbot into its widely-used WeChat app, while Alibaba offers its own standalone chatbot. These companies aim to cater to the growing demand for AI-powered virtual assistants in China.
Outside of China, Microsoft-backed OpenAI has developed its own chatbot called ChatGPT. This AI-powered assistant boasts an impressive user base, with about 100 million weekly active users. This demonstrates the global reach and popularity of AI chatbots.
Baidu’s Ernie bot has achieved a significant milestone by surpassing 100 million users. The success of this AI product has led to positive market reactions, with Baidu shares closing higher in U.S. trading. However, it faces competition from other Chinese tech giants, such as ByteDance, Tencent, and Alibaba, who also offer their own chatbot solutions. Additionally, OpenAI’s ChatGPT has established a strong user base globally. The rise of AI chatbots reflects the increasing demand for virtual assistants and demonstrates the ongoing advancements in artificial intelligence technology.
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