Baidu's Hong Kong-listed shares surged in early trading on January 22nd ahead of its scheduled "Ernie Moment" conference in Shanghai. The stock (9888.HK) opened 3.77% higher. Shares climbed 3.97% to a peak of HK$159.8.
The market reaction stems from expectations that Baidu will unveil significant advancements for its Ernie large language model. The company is also anticipated to announce new developments in related application technologies. Baidu will provide updates on broader AI initiatives, including the Baidu Qianfan AI platform.