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China’s Baidu unveils ChatGPT rival Ernie

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Taipei, Taiwan – Chinese search engine giant Baidu has revealed its artificial intelligence-powered chatbot Ernie, the latest rival to OpenAI’s groundbreaking ChatGPT.

Baidu Chief Executive Robin Li said on Thursday that Ernie, known as Weixin in Chinese, was the result of “decades of Baidu’s hard work and efforts” at a livestreamed press conference held to show off the technology’s capabilities.

“In two rounds of conversation, the Ernie bot presented its capability of mathematical logic reasoning,” Li said. “It does not only know whether the question itself is correct or not, it also provided answers and specific steps to figure out the answer.”

At the event in Beijing, Li showed Ernie generating a conference poster and video based on a prompt, offering advice on the best location for the event among several Chinese cities, and reading material in a Sichuan dialect.

Li also showed the bot answering questions about a popular Chinese science fiction novel and summarising the book’s plot.

Li said that the features, which will be integrated into Baidu’s Xiaodu smart device ecosystem, will be initially only available to a limited number of users with an Ernie invitation code.

The bot performs better in Chinese compared with English and can struggle with questions that contain logical errors, Li said, although it can identify when something is wrong.

Unlike OpenAI’s demonstrations of ChatGPT, Baidu did not demonstrate Ernie’s capabilities live but instead through a series of slides. The chatbot also lacks functions unveiled in the follow-up to Chat GPT, GPT-4, such as the ability to generate text in response to an image.

Ernie’s launch was poorly received by investors, with Baidu’s Hong Kong-listed shares falling more than 10 per cent during the pre-recorded demonstration.

“There is still a lot of uncertainty around Ernie’s capacity, especially given the lack of a live demo – a stark contrast to OpenAI’s GPT-4’s developer livestream a few days ago,” Chim Lee, a China tech analyst for the Economist Intelligence Unit, told Al Jazeera.

“Robin Li did not demonstrate Ernie’s capacity in a non-Chinese language environment,” Lee added. “He also admitted that Ernie’s capacity to comprehend and process English is not as good as that of Chinese comprehension. This puts it behind ChatGPT, which is able to generate responses in English, Chinese and other languages.”

Baidu’s announcement comes just a day after Microsoft-backed OpenAI unveiled GPT-4, which the San Francisco-based company says is capable of “human-level performance” in certain academic areas, including the ability to pass the bar exam for prospective lawyers with a score in the top 10 percent of applicants.

Li said his “expectations for Ernie bot are closer to ChatGPT or even GPT4″ and praised Baidu for launching the bot ahead of competitors such as Google and Facebook parent company Meta.

More than 650 organisations in China have plans to use Ernie, including China CITIC Bank, the National Museum of China and the Global Times newspaper, Li said.

The Chinese government has pledged to support local AI developers and integrate the technology across Chinese industry.

Local tech giants including Alibaba, Huawei and JD.com have announced plans to bring out their own chatbots.

Beijing’s strict internet controls, though, have raised doubts about how AI-powered chatbots will operate in China given the technology’s reliance on information scrapped from sources online.

Still, Ernie could find some success in China due to restrictions on OpenAI’s bots in the country, Lee said.

“Chinese technology companies have a strong capacity in finding working business models for new technologies,” he said.

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S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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