Baidu, Inc. ( BIDU ) shares are trading higher on Monday after the company announced the launch of ERNIE 4.5 and deep-thinking model ERNIE X1.

What To Know: The Chinese technology giant claims that ERNIE 4.5 outperforms ChatGPT 4.5 in multiple categories, such as its multimodal capabilities, while priced at just 1% of ChatGPT 4.5’s cost.

Additionally, the company states that ERNIE 4.5 demonstrates strong intelligence and contextual awareness. Furthermore, Baidu ( BIDU ) states that it features refined language skills, enhanced reasoning and significant improvements in hallucination prevention.

ERNIE X1 is the company’s first multimodal deep-thinking reasoning model capable of tool use. It supports a variety of tools, including advanced search, Q&A on a given document, image understanding and AI image generation. Baidu ( BIDU ) says the deep-thinking model also excels in logical reasoning, literary creation, and complex calculations.

With the launch of ERNIE 4.5 and ERNIE X1, ERNIE Bot is now available to the public ahead of schedule, and both models of ERNIE Bot are free of charge.

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BIDU Price Action: At the time of publication, Baidu ( BIDU ) shares are trading 9.09% higher at $102.37, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.