ChatGPT's China Rival 'Ernie Bot' By Baidu Surpasses 200M Users Amid Fierce Competition
Portfolio Pulse from Benzinga Neuro
Baidu Inc's AI chatbot, Ernie Bot, has reached over 200 million users, doubling its user base since December. The chatbot, which was publicly released eight months ago, is now being used 200 million times daily through its API and has attracted 85,000 enterprise clients. Baidu has begun monetizing Ernie Bot, generating significant revenue in the fourth quarter through enhanced ad services and assisting companies in building their models. Despite its success, Ernie Bot faces competition from domestic AI services like Alibaba-backed Moonshot AI's Kimi chatbot. However, Chinese generative AI services, including Ernie Bot, still trail behind Western counterparts like OpenAI's ChatGPT.
April 16, 2024 | 6:31 am
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Baidu's Ernie Bot surpasses 200 million users, indicating strong growth and successful monetization strategies in the competitive AI market.
The rapid user growth and successful monetization of Ernie Bot highlight Baidu's strong position in the AI market. The doubling of users and daily API usage, along with significant revenue generation, suggest a positive outlook for Baidu's AI initiatives. However, competition from domestic AI services and the lag behind Western counterparts like OpenAI's ChatGPT could present challenges. The overall impact is positive due to the demonstrated growth and revenue potential of Ernie Bot.
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