Chinese ChatGPT In Works? Google Rival From Asia Reportedly Eyes Launch In March

• Baidu Inc. BIDU, the company behind China’s largest search engine, plans to launch an AI-powered service similar to OpenAI’s chatGPT, reported Bloomberg, citing a person familiar with the matter. 
• Baidu, also known as China’s Alphabet Inc. GOOG GOOGL Google is expected to integrate a chatGPT-style application to its primary search services in March. 

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• The company’s yet-unreleased chatGPT version will allow users to get similar conversation-like results as OpenAI’s chatbot, as per Bloomberg. 
• Microsoft Corporation MSFT is also working on launching a new version of its search engine, Bing, by incorporating chatGPT’s abilities. 
• Google has reportedly declared a “code red,” and CEO Sundar Pichai is working aggressively on defining the company’s AI strategy to tackle the threat posed by OpenAI’s chatGPT.
• Price Action: Hong Kong shares of Baidu were up 3.65% at HK$141.90 in early trading on Monday.