Baidu Earlier Responded to Media Reports On Ernie Bot; Not Engaged In Any Business Collaboration Or Provided Any Tailored Service To Authors Of The Academic Paper Or Any Institutions With Which They Are Affiliated
Portfolio Pulse from Charles Gross
Baidu, Inc. (NASDAQ: BIDU) has clarified that it has not engaged in any business collaboration or provided tailored services to the authors of an academic paper or their affiliated institutions. The paper mentioned Baidu's ERNIE Bot among other large language models. Baidu emphasized its commitment to compliance with laws and best practices in operating its AI products.
January 15, 2024 | 1:10 pm
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Baidu has publicly denied any special business collaboration related to its ERNIE Bot with the authors of an academic paper, reaffirming its commitment to legal compliance and best practices.
Baidu's clarification regarding the lack of special collaboration is a neutral statement that is unlikely to have a significant short-term impact on the stock price. The reaffirmation of commitment to compliance and best practices is positive but expected and thus does not constitute a major change in investor perception.
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