Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market
1. Baidu's Ernie 5.0 AI model planned for release in second half of 2024. 2. Ernie 5.0 features major enhancements in multimodal capabilities. 3. Baidu aims to compete with rivals like OpenAI and DeepSeek. 4. CEO Robin Li claims inference cost could drop over 90% this year. 5. Baidu's Wenku platform grew to 40 million users in 2024.