Talk about buying the rumor.
Baidu
China’s leading internet search provider, let it be known on Jan. 30 that it will launch a so-called chatbot powered by artificial intelligence, akin to the ChatGPT system that has seized global imaginations.
Its U.S.-listed shares (ticker: BIDU) are up 9%. Markets acting rationally? Maybe. Baidu copycatting ChatGPT within months, assuming it delivers as promised in March, may paradoxically indicate that chatbots aren’t really worth much, at least in their current form.
Source: https://www.barrons.com/articles/chinas-baidu-plans-a-chatgpt-rival-the-internet-giants-stock-could-reap-the-returns-51675412103?siteid=yhoof2&yptr=yahoo