©Reuters. Baidu (BIDU) Samsung Galaxy S24 smartphones use Baidu Ernie’s AI chatbot; Positive analyst
Samsung’s new Galaxy S24 smartphone line will include Ernie, the AI chatbot from Chinese tech giant Baidu (BIDU), in a collaboration that will provide a range of AI-powered features that Samsung (KS:) hopes will help it overcome new Apple iPhone (AAPL) .
Real-time call translation, advanced content summary and “circle to search” feature are some of the key AI features that Ernie will enhance. The latest version of the chatbot, Ernie 4.0, launched in October last year, uses artificial intelligence to provide intelligent, well-reasoned and human-like responses to user suggestions.
“Now equipped with Ernie’s comprehension and generation capabilities, the updated Samsung Note Assistant can translate content and even summarize long content into clear, intelligently organized formats with the click of a button, making it easier to organize extensive texts,” they said the two organizations in a statement. , as reported by CNBC.
Following the announcement, Morgan Stanley released a note Monday saying the collaboration is a recognition of Baidu’s leadership in AI in China and reiterating its vision of Baidu (NASDAQ:) as “the best AI play in the Chinese Internet sector”. Baidu’s cloud revenue is expected to grow 15% year-over-year in 2024 and maintains an “Overweight” rating on the stock.
“We believe this is just the beginning of a long-term collaboration on artificial intelligence. We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step. While the current scale of monetization may be limited, we expect there may be further expansion into other phone models, or potential development into an edge AI model in the long term, which is an untapped market ( that is, the direct processing of data and algorithms from an endpoint device without an internet connection),” the analysts said in a note to clients.
Baidu shares fell 0.64% to $106.97 as of midday Monday.