Wall Street Breakfast: China's Baidu to Release ChatGPT-Like Bot
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 30 January 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
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Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Monday, January 30th, and I'm your host Julie Morgan. Our top stories. |
| 0:14.0 | Baidu is reportedly set to release a chat gPT-like bot later this year. |
| 0:19.0 | The report says the release is slated for March. |
| 0:22.0 | Phillips is reducing its head count by 6,000. This is in addition to the 4,000 |
| 0:27.6 | announced in October. And today is catalyst to watch Monday. In addition to earnings, it's got the Fed that's enough to make any |
| 0:36.1 | week just crazy on Wall Street. Senior managing news editor Kim Khan joins us for a brief |
| 0:42.2 | preview of what to expect this week. |
| 0:45.0 | Now our top story. |
| 0:47.0 | Baidu is planning to roll out an artificial intelligence chatbot service similar to Open AIs Chat GPT. |
| 0:54.7 | According to Reuters, Baidu is planning to launch the service as a standalone application |
| 1:00.1 | and gradually merge it with its search engine. |
| 1:02.7 | According to the report this will happen in March. |
| 1:05.5 | Apart from research in AI, Baidu is also developing autonomous driving technology. |
| 1:11.6 | Daniel Giron is a Seeking Alpha contributor and he's written a couple of articles on Baidu. |
| 1:17.7 | In one article he compares Google and Baidu and the other, he says, due to the combination of strong fundamentals |
| 1:24.8 | and future growth opportunities, |
| 1:26.7 | he rates the stock a buy, |
| 1:28.6 | while also mentioning the company enhancing |
| 1:31.2 | its AI and cloud capabilities. |
| 1:34.0 | I'll include a link to his author page in show notes. |
| 1:38.0 | Phillips is cutting 6,000 jobs worldwide over the next two years. |
... |
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