What is the short term outlook for ICICI Prudential AMC Ltd (542392) - Free Stock Market Expert Consultation

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On Tuesday, the company unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to thelatest iterationof OpenAI’s ChatGPT.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. The new ERNIE Bot “is not inferior in any aspect to GPT-4,” Baidu’s billionaire CEO, Robin Li, told an audience at its annual flagship event.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. Speaking onstage, Li showed how the bot could generate a commercial for a car within minutes, solve complicated math problems and create a plot for a martial arts novel from scratch. The bot works mainly in Mandarin Chinese, its primary language. It is also able to handle queries and produce responses in English at a less advanced level.

Li said the demonstrations showed how the bot had been “significantly improved” in terms of its understanding of queries, generation of complex responses and memory capabilities.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. While coming up with ideas for the novel, for instance, the bot was able to remember previous instructionsand create sophisticated story lines by adding conflicts and characters, said Li.

“But today, it understands almost everything you say, and in many cases, it understands what you’re saying better than your friends or your colleagues.”

Charlie Dai, vice president and research director of technology at Forrester, said Baidu is “the first vendor in China” to claim it could perform as well as GPT-4.

“We still need more benchmarking evidence to prove it, but I’m cautiously optimistic that this is China’s GPT-4 moment, giving its long-term investment in AI [and machine learning],” he told 【 - Free Stock Market Expert Consultation 】.

In contrast to apre-recorded presentationin March that failed to impress investors, Li demonstrated the bot in real time.

Investors appeared unmoved, however, with Baidu’s shares down 1.4% in Hong Kong following the presentation.

Baidu (BIDU) has been a frontrunner in China in the race to capitalize on the excitement around generative AI, the technology that underpins systems such as ChatGPT or its successor, GPT-4.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. The newest iteration will launch first to invited users, Li said. The company did not specify when it would be made available publicly.

ERNIE Bot has quickly gained traction, racking up more than 45 million users after reaching the top of Chinese app stores at one point, according to the company. ChatGPT, whichwas releasedlast November, surpassed 100 million users in its first two months, according to a March report by Goldman Sachs analysts.

Baidu faces competition within China, from companiessuch asAlibaba (BABA) and SenseTime, which have also shown off their own ChatGPT-style tools.

Baidu says its service stands out because of its advanced grasp of Chinese queries, as well as its ability to generate different types of responses, such as video and audio.

By comparison, GPT-4 is also able to analyze photos, but currently only generates text responses, according to its developer, OpenAI.

But the competition in this space “has just begun, and AI tech leaders like Alibaba … Huawei, JD Cloud, SenseTime, and Tencent all have chance to take the lead,” he noted.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. Some critics say the new offerings from Chinese firms will add fuel to an existing US-China rivalry in emerging technologies. Li has tried to shake off that comparison, saying previously that the company’s platform “is not a tool for the confrontation between China and the United States.”

But Baidu has previously touted how ERNIE can outperform ChatGPT in some instances, saying its bot had scored higher marks than OpenAI’s on some academic exams.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. The Chinese company also announced Tuesday it had updated its suite of services to integrate the latest upgrades from ERNIE. Baidu’s popular search engine is now able to use the tool to produce more specific results, while its mobile mapping app can help users book services, such as taxis, according to Li.

By doing so, “Baidu is also the first Chinese tech leader that has made substantial progress in modernizing the majority of its products” with an AI model, said Dai.

What is the short term outlook for ICICI Prudential AMC Ltd (542392) ✌️【Market Forecast】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Stock Market Expert Consultation 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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