Baidu’s ChatGPT competitor from China
Baidu’s ChatGPT competitor from China
(TikTok)ByteDance is secretly using OpenAI’s tech to build a competitor
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Baidu’s ChatGPT competitor from China
(TikTok)ByteDance is secretly using OpenAI’s tech to build a competitor
How Were So Many Economists So Wrong About the Recession(CANCELED)?
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Baidu’s ChatGPT competitor from China
Baidu's ChatGPT competitor, known as Ernie Bot, has surpassed 100 million users. Ernie Bot is an AI-powered chatbot developed by the Chinese tech giant Baidu, and it has reached this significant user milestone within months of its public release in August. The chatbot is based on Baidu's internally developed large language model called ERNIE, which stands for Enhanced Representation through Knowledge Integration.
Ernie Bot is capable of performing tasks similar to OpenAI's GPT-4, such as writing and rewriting text, summarizing documents, generating code, and even creating multimedia files based on prompts and sample images provided by users. Baidu has also introduced a paid version of the chatbot, which costs approximately 59.9 yuan (about $8.4) per month.
The development of Ernie Bot began in 2019, and Baidu unveiled the chatbot in March, initially testing it with a limited number of users. The mobile version of Ernie Bot reportedly gained 1 million users within a day of its release. Baidu's CEO, Robin Li, has expressed confidence in Ernie Bot, stating that it is "not inferior in any aspect to GPT-4," although the latest iteration, Ernie Bot 4.0, is not yet available to the public.
In addition to Ernie Bot, Baidu offers a range of other services, including a mapping service similar to Google Maps, and generated $17.9 billion in revenue from its applications during its last fiscal year. The company is also integrating AI features into its existing services and plans to offer a suite of new AI-native apps alongside the chatbot.
Chinese AI developers, including Baidu, must adhere to the country's regulations, which include conducting security assessments, submitting filings on their algorithms, and labeling AI-generated content. These regulations are part of China's efforts to stay competitive in the AI field while adhering to the core values of socialism with Chinese characteristics….
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(TikTok)ByteDance is secretly using OpenAI’s tech to build a competitor
‘They really just don’t want to get caught.’ The frenzied race to win in generative AI means that even the biggest players are cutting corners.
TikTok’s entrancing “For You” feed made its parent company, ByteDance, an AI leader on the world stage. But that same company is now so behind in the generative AI race that it has been secretly using OpenAI’s technology to develop its own competing large language model, or LLM.
This practice is generally considered a faux pas in the AI world. It’s also in direct violation of OpenAI’s terms of service, which state that its model output can’t be used “to develop any artificial intelligence models that compete with our products and services.” Microsoft, which ByteDance is buying its OpenAI access through, has the same policy. Nevertheless, internal ByteDance documents shared with me confirm that the OpenAI API has been relied on to develop its foundational LLM, codenamed Project Seed, during nearly every phase of development, including for training and evaluating the model.
Employees involved are well aware of the implications; I’ve seen conversations on Lark, ByteDance’s internal communication platform for employees, about how to “whitewash” the evidence through “data desensitization.” The misuse is so rampant that Project Seed employees regularly hit their max allowance for API access.
While use of OpenAI’s platform was more brazen in the early days of Project Seed, a few months ago, ByteDance ordered the team to stop using GPT-generated text in “any stage of model development,” the internal documents show. It was around this time that the company gained regulatory approval in China to release Project Seed through a chatbot platform called Doubao…..
How Were So Many Economists So Wrong About the Recession?
Fears of a recession are fading fast, but the debate over the flaws of economic forecasting is just beginning.
Last year at this time, 85% of economists in one poll predicted a recession this year — and that was an optimistic take compared to the 100% probability of a recession forecast two months earlier. Meanwhile US Federal Reserve Chair Jerome Powell, drawing upon the work of his highly able staff, expressed fear in March that bringing down the rate of inflation would cost millions of American jobs.
And yet none of this has happened. Both inflation and unemployment are headed in the right direction, and most economists expect the US to avoid a recession in 2024. Economists have yet to figure out why things went so well, but it is already clear that a reckoning is due…..
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