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Tuesday, May 7, 2024

Baidu stock jumps 15% as the Chinese internet giant says it’s readying its answer to ChatGPT

Shares in Baidu surged to highs unseen since 2021 after the company said it is on track to roll out its ChatGPT competitor “ERNIE Bot” in March. The Chinese search-engine giant closed up 15.3% Tuesday on the Hong Kong Stock Exchange, the biggest jump since March. Baidu ADRs rose 15% pre-market on …

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