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Chinese ChatGPT In Works? Google Rival From Asia Reportedly Eyes Launch In March

Baidu Inc. (NASDAQ:BIDU), the company behind China’s largest search engine, plans to launch an AI-powered service similar to OpenAI’s chatGPT, reported Bloomberg,…
byAnanya Gairola
January 29, 2023
1 minute read
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  • Baidu Inc. (NASDAQ:BIDU), the company behind China’s largest search engine, plans to launch an AI-powered service similar to OpenAI’s chatGPT, reported Bloomberg, citing a person familiar with the matter. 
  • Baidu, also known as China’s Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is expected to integrate a chatGPT-style application to its primary search services in March. 

Also Read: Elon Musk Reacts As ChatGPT Aces Professional Exams

  • The company’s yet-unreleased chatGPT version will allow users to get similar conversation-like results as OpenAI’s chatbot, as per Bloomberg. 
  • Microsoft Corporation (NASDAQ:MSFT) is also working on launching a new version of its search engine, Bing, by incorporating chatGPT’s abilities. 
  • Google has reportedly declared a “code red,” and CEO Sundar Pichai is working aggressively on defining the company’s AI strategy to tackle the threat posed by OpenAI’s chatGPT.
  • Price Action: Hong Kong shares of Baidu were up 3.65% at HK$141.90 in early trading on Monday. 
 
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Since the Energy Select Sector SPDR FUN (ARCA: XLE) is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. Although investors are concerned about a recession slowing down the economy, natural gas prices are still at record highs.

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