Baid shares jump 10% after the publication of new AI models of open code
Zhejiang, China – March 16, 2023: View of the Ernie Bot logo, AI Chatbot services developed by the Chinese search engine Baid, March 16, 2023.
Long Wei | Future publication | Getty Images
Shares of Chinese technological giant Baid On Tuesday, they traded 10.7% in Asia in Asia, as investors seemed to respond positively to the publication of two new AI models over the weekend.
On Sunday, Baid has released two new artificial intelligence models, including the latest version of his basic Ernie model and a new model of explanation, which he said was subtle of Deepseek’s model R1. CNBC is unable to check these claims.
AND Model of explanation is a large linguistic model designed to process complex problems in a similar way to people, breaking instructions on smaller pieces and considering more approaches before generating answers.
According to Kai Wang, a higher analyst of the capital of Morningstar, the leap of the shares is probably a “delayed reaction” to new models because Baidu Vies to regain a leading position in the Chinese AI space.
“The shares also did not get as much love as other hyperscalers, but it is still a platform that benefits from more demand AI because companies will need someone to help them with hosting, scalp and computer power,” he said.
Hyperscaler refers to the main cloud computing company that provides huge data centers to calculate storage and requests.
Baidu said on Sunday that his model of Ernie X1 explanation “provides performance of the same with Deepseek R1 per half price,” and has “stronger understanding, planning, reflection and possibilities of evolution”, according to a Report from Reuters.
In January, Chinese start-up AI Deepsek set up an AI industry when it announced its model of opening open code R1, which was submitted by US competitors, despite the claim that it was manufactured in a fraction of the cost is far less powerful chips.
Deepseek quickly overtook the Baid in Chinese AI race, despite the fact that the company was one of the first on the market that launched Chatgpt Chatbot with its Ernie Bot, according to Wei Sun, the main artificial intelligence analyst at Counterpoint Research, who noticed other technological giants like other technological giants Alibaba And Bytetent also retreated forward.
“Baidu’s competitiveness depends on whether his new models have truly achieved promised performance and advantage costs,” he said, however, noting that the prices AI, especially in the Chinese market, are very fluid.
The latest Baidu models, similar to Deepseek’s R1, have been published as open, which means that the original code is freely available on the open web for possible changes and redistribution.
This represents a change from Baidu’s previous focus strategy on the ownership model.
“Open with its models, Baid seeks to once again position its technology as an industrial standard, strengthening its impact in the AI community and expanding its market share,” Sun said.