A leading AI company with a strong Internet foundation, Baidu Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company") has become aware that media reports have been circulating regarding an academic paper which mentions a number of large language models ("LLMs") such as GPT3.5, GPT-3.5-turbo, GPT4, HTML-T5, and Baidu's ERNIE Bot. Please accept the following clarifications.
The ERNIE Bot is available to the general public and can be used by anyone. It was described in a paper published by scholars at a Chinese university how they were able to build prompts and receive responses from LLMs, using the features which are available to any user who interacts with generative artificial intelligence tools.. In addition, Baidu has not entered into any business collaboration or provided any tailored service to authors of the academic paper or any institutions with which they are affiliated in any way. A media outlet, the South China Morning Post, which was the first outlet to report on this academic paper, has clarified and corrected the information in their original media report
A media outlet, the South China Morning Post, which was the first outlet to report on this academic paper, has clarified and corrected the information in their original media report
As part of its commitment to compliance with applicable laws, regulations, and best corporate practices, the Company ensures that its AI-related products and businesses are operated in compliance with those laws and regulations.
What Baidu is all about
The Baidu Group was founded in 2000 as a venture focused on making the complicated world of today simpler through technology. Baidu is a leading AI firm with a strong Internet foundation that trades on Nasdaq under "BIDU" and on the HKEX under "9888." A Baidu ADS represents eight ordinary shares of Baidu.
Statement of Safe Harbor
There are forward-looking statements in this announcement. The statements made herein are made in accordance with the "safe harbor" provisions of the U.S.. In 1995, the Private Securities Litigation Reform Act was passed.. As a general rule, forward-looking statements can be identified by the use of terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and "confident" and similar terms.. Baidu's strategic and operational plans, as well as those of other parties, contain a number of forward-looking statements, among other things. A forward-looking statement may also be made by Baidu in its periodic reports to the U.S. Securities and Exchange Commission. The Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in the annual report to shareholders of the company, in press releases and other written materials, and in the oral statements made by its officers, directors or employees to third parties.. The statements that are not historical facts, including, but not limited to, statements regarding Baidu's beliefs and expectations, are forward-looking statements.. There are inherent risks and uncertainties associated with forward-looking statements. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. It is important to note that further information regarding these risks is included in the Company's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, as well as announcements on the website of the Hong Kong Stock Exchange.. The company does not undertake any obligation to update forward-looking statements unless required by applicable law to do so. The information contained in this press release and in the attachments in this press release is as of the date of the press release, and Baidu undertakes no duty to update such information, except to the extent required under applicable law to do so.
The information contained in this press release and in the attachments in this press release is as of the date of the press release, and Baidu undertakes no duty to update such information, except to the extent required under applicable law to do so.
The source of this information is Baidu, Inc.
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