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Baidu’s $23 Billion Rally May See Boost on ChatGPT Rival Launch

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Sept. 6, 2023, 2 a.m. | Jeanny Yu

Bloomberg Technology bloomberg.com

China’s leading internet search provider Baidu Inc. may get a fresh tailwind from the sooner-than-expected launch of its ChatGPT-like Ernie Bot, reigniting a rally that boosted its market valuation by $23 billion from last year’s trough.

baidu billion boost bot chatgpt chatgpt rival china ernie ernie bot internet launch market valuation nms:bidu provider rally search valuation

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