This week, Alibaba, Tencent, Baidu, NetEase and JD.com all announced their intention to test and launch similar AI chatbots. ChatGPT of OpenAI in the near future. They are eager to demonstrate the results of AI research efforts to capitalize on the current “craze”.
Microsoft-backed ChatGPT has triggered the AI race after becoming the fastest-growing consumer app in history. Chatbots can chat, write articles, do homework, tell jokes, and even write poems at the request of the user. Recently, Google introduced a rival service Bard, but it has not been impressed. Bard’s lackluster performance cost the American technology giant, “evaporating” more than $100 billion in market capitalization.
Competition in AI is also not immune to geopolitical factors. This is one of the hottest “fronts” in the US-China technology war.
Baidu shares soared to an 11-month high after revealing plans to launch the Ernie Bot chatbot, built on a technology platform developed in 2019. The company aims to complete internal testing within March before releasing the chatbot to the public.
After Baidu, Alibaba also said it was testing a tool similar to ChatGPT but did not disclose anything more. Shares of the company rose 3.96% in trading on February 9. Tencent confirmed the plan for AI-produced content and is conducting related research in order.
E-commerce giant JD.com intends to integrate some AI technologies such as natural language processing into its service. Meanwhile, game company NetEase is working on bringing AI-generated content into the education department.
However, some industry experts say they should be cautious about the AI ”craze”.
An unnamed official commented: “Every time something called the ‘next great thing’ comes out, many businesses announce their entry into the field, but some companies may just want to ‘follow’ without any specific product. “.
Another challenge is that China strictly censors cyberspace, making it harder to create content from AI.
Morningstar Asia Limited analyst Kai Wang said many Chinese AI companies see ChatGPT-like technology as a long-term growth engine. So, as soon as they heard about Baidu’s plan, they also wanted to take advantage of the opportunity.
However, Wang pointed out uncertainties regarding the operation of chatbots in China as these products are still in the early stages of development. It is the environment of competition, regulation and ultimately operability. He is also concerned about the monetization of the products and the dilution of profits in the long run.
A number of AI-related stocks fell on Feb. 9 after media coverage of the risk of “several new models” being over-hyped. They trick others into the “pump-discharge” trap and, in the end, investors can be left in tears, article on Securities Times write.
(According to Nikkei)