Shares of Chinese tech giant Baidu Inc. (NASDAQ: BIDU) surged to an 11-month high on Tuesday after the company announced plans to launch a ChatGPT-style ‘Ernie’ Bot. This news comes after Microsoft revealed that they will be hosting a surprise media event tomorrow, where they are likely to reveal a ChatGPT-related service.

ChatGPT is a form of artificial intelligence that is used to generate human-like conversations. It is designed to help people find information and complete tasks.

Baidu’s ‘Ernie’ Bot is designed to help people search for information and complete tasks more efficiently. It is expected to be released in March and will use natural language processing and deep learning algorithms to understand user intent and provide accurate answers.

Analysts believe that the launch of ‘Ernie’ Bot could help Baidu’s stock price in the long-term. The company’s shares have already surged following the announcement and are expected to continue to rise as the launch of ‘Ernie’ draws closer.

This news has also sparked speculation that Microsoft may be working on a similar project. The surprise media event tomorrow could provide more insight into what Microsoft is planning.

The launch of ‘Ernie’ Bot could be a major step forward for Baidu and could help the company gain a competitive edge in the artificial intelligence market. It remains to be seen how the launch of ‘Ernie’ will affect the company’s stock price in the long-term.