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Baidu shows off A.I.-powered chatbot Ernie

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The event was meant to be livestreamed, but there was strong demand from companies to test the bot

Chinese search engine Baidu has shared pre-recorded videos of its A.I.-powered chatbot Ernie.

Revealing the bot performing more advanced tasks than at its launch two weeks ago.

While the videos were shown during a closed-door meeting, images shared by a Baidu spokesperson appeared to show significant developments.

This included summarising financial statements and producing powerpoint presentations, as well as producing travel itineraries.

The videos were shown to the first batch of companies that are testing an industry-focused version of the chatbot.

Ernie is considered China’s closest equivalent to U.S.-developed ChatGPT.

The meeting was originally meant to be a livestreamed product launch open to the media and public.

But the format was changed to prioritise what Baidu said was the “strong demand” from over 120,000 companies that had applied to test the bot.

More companies will be able to sign up to test the industry-focused version of the Ernie bot starting on March 31.

Tests conducted show that the regular version has a good command of the Chinese language.

However, it produces factual errors and avoids answering political questions.

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Is GenerativeAI transforming education?

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Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Tech

Tesla is slashing prices to stay competitive

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Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

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