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The Latest Breaking News from Baidu

Will AI Spending Boost Baidu’s Earnings Prospects?

After rallying to a 4-1/2 month high late last month, Baidu Inc depositary receipts (ADRs) (BIDU ) dropped to a 2-1/2 month low today as China’s struggling economic outlook weighs on the stock. Citigroup, China International Capital, and Daiwa Capital Markets, are among analysts that have cut their earnings estimates...

Barchart

3 Popular China Stocks to Keep Watching in August

Despite the discouraging economic data for July, China remains resolute in enhancing its economic outlook and is implementing an array of measures to stimulate growth. Thus, it could be a good idea to continue monitoring China stocks Alibaba Group (BABA), JD.com (JD), and Baidu (BIDU) this month. Read on….

StockNews.com

Ji Yue 01 Debuts As First Production EV From Geely And Baidu's JV

Slightly larger than Tesla Model Y, the Ji Yue 01 will enter production soon at a Geely plant, with the first deliveries expected in the fourth quarter.

InsideEVs

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Chinese Companies Spend $5 Billion on Nvidia GPUs for AI Projects

In a race to hoard computing power, Chinese Big Tech companies Baidu, ByteDance, and Alibaba have already ordered $1 billion-worth of Nvidia GPUs this year - and have added an extra $4 billion for purchases to be delivered throughout 2024.

Tom’s Hardware

ChatGPT’s rise has China scrambling to catch up in an A.I. arms race that will determine global ‘wealth, power, and influence’

Beijing is battling the U.S. for supremacy in artificial intelligence and the spoils that come with it.

Fortune

EQT, Baidu And More: CNBC’s ‘Final Trades’

Anastasia Amoroso of JPMorgan Private Bank named Invesco Global Listed Private Equity ETF as her final trade

Zenger

Elon Musk Plans To Transform Twitter Into An ‘Everything App’

Musk aims to blend Substack, YouTube, PayPal, Amazon, TikTok, WeChat, and Baidu features in a comprehensive platform.

Zenger

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Victims in deadly collapse of China middle school gym roof largely members of girl's volleyball team

Prosecutors in northeastern China are pursuing criminal charges against construction managers blamed for the collapse of the roof of a middle school gymnasium, leading to 11 deaths

The Independent UK

DJI's leaked GoPro rival will launch soon when all we want is a Pocket 3

DJI Osmo Action 4 leaks suggest the GoPro-rivaling action cam is launching soon. But where's the long-awaited DJI Pocket 3?

TechRadar

China just gave the world a blueprint for reigning in generative A.I.

China’s top internet regulator released new regulations governing generative A.I. that address some of the technology’s most pressing issues.

Fortune

Tesla’s Potential Platform Fees In Autonomous Ride-Hailing Could Surpass Expectations

Ark Investment Management suggests Tesla could command 80-90% of gross revenues, surpassing previous estimates.

Zenger

Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Tribune News Service

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

Today’s Cache | Baidu’s AI claims; Google’s Android antitrust woes; Qualcomm launches new 5G SoC

News snippets for Chain’s Baidu claiming AI superiority, Google has urged the Supreme Court of India to squash antitrust directives, and Qualcomm announcing Snapdragon 4 Gen 2 SoC processor.

The Hindu

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Fortune

Dan Ives says China is losing the A.I. race as Wedbush sees ‘discernibly more clients in Asia’ rotating toward Silicon Valley

Investors in Asia seem to be betting bigger on American A.I. than China's.

Tom’s Hardware

Chinese Firms Foil US AI Sanctions With Older GPUs, Software Tweaks

Chinese AI developers simplify software and use all compute chips they can get to train large-scale AI models.

The Independent UK

China wants to gives its AI systems ‘socialist values’ and bans them from criticising country’s leaders

Chinese tech giants Alibaba and Baidu have announced their own versions of ChatGPT

Bangkok Post

China says chatbots must toe the party line

Five months after ChatGPT set off an investment frenzy over artificial intelligence, Beijing is moving to rein in China’s chatbots, a show of the government’s resolve to keep tight regulatory control over technology that could define an era.

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news in one place.

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The Independent UK

China releases new AI rules as tech giant Alibaba unveils ChatGPT rival

Alibaba working on ChatGPT rival Tongyi Qianwen, which it plans to integrate across its services

Fortune

SenseTime, Alibaba announce China ChatGPT competitors

SenseTime and Alibaba both announced new A.I. services in an effort to catch up to OpenAI's offerings.

Asharq Al-Awsat

Baidu Sues Apple, App Developers over Fake Ernie Bot Apps

Chinese search engine giant Baidu has filed lawsuits against "relevant" app developers and Apple Inc over fake copies of its Ernie bot app available on Apple's app store. The company's artificial intelligence powered Ernie bot, launched last month, has been touted as China's closest answer to the US-developed chatbot ChatGPT.…

Fortune

Former Google CEO Eric Schmidt doesn’t support a 6-month A.I. pause ‘because it will simply benefit China’

Former Google CEO Eric Schmidt thinks competitors could gain an edge during a pause in A.I. development like the one that Elon Musk has called for.

Al Jazeera

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Barchart

3 Companies Leading the Charge to the Driverless Car Future

In 1962, the Jetsons gave the world the idea that we would all have flying cars very soon. 61 years later, flying cars are still not a reality. However, a fully driverless vehicle IS a reality and may be the norm for everyone in just a few years. Here are…

Al Jazeera

China’s Baidu cancels showcase for ChatGPT rival Ernie

Beijing-based search engine giant changes showcase to closed-door event for firms, citing ‘strong demand’.

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