Baidu company The company posted its biggest drop in more than a year after a report linked its Ernie AI platform to key military research, raising concerns about retaliation from Washington.
Shares of the search engine company, generally considered one of China’s leading companies in developing artificial intelligence, fell as much as 12% on Monday despite its public denial of the relationship. Traders in Hong Kong cited a report by the South China Morning Post About how a university under the People’s Liberation Army’s Strategic Support Force – which oversees cyber warfare – tested its AI system on Ernie, which is similar to Baidu’s ChatGPT.