Baidu Inc
Stocks making the biggest moves midday: CVS, Zillow, Avis Budget, Kraft Heinz and more
Check out the companies making headlines in midday trading. Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its AI model later this year. The source said that “foundational model” Ernie 5.0 will have “big enhancements in multimodal capabilities.” […]
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CNBC Daily Open: Tesla wobbles as BYD gets ahead in self-driving and Elon Musk is everywhere
Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, X, […]
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Chinese tech giant Baidu to release next-generation AI model this year as DeepSeek shakes up market
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — China’s Baidu plans to release the next generation of its artificial intelligence model in the second half of this year, according to a source familiar with the matter, as […]
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Chinese AI applications now have bigger aims — they’re looking beyond chatbots
The World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — A slew of releases last week demonstrate how Chinese companies such as DeepSeek and ByteDance have moved quickly with artificial intelligence models that compete with OpenAI’s ChatGPT. Now, many companies in China are increasingly building on that foundation […]
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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
The World Artificial Intelligence Conference in Shanghai in July 2023. Aly Song | Reuters Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday. The Hangzhou-based e-commerce firm’s cloud computing division, Alibaba Cloud, said in a WeChat post that it’s offering the price cuts on its […]
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China wants to dominate in AI — and some of its models are already beating their U.S. rivals
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and […]
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Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ’s Wholesale Club and more
Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Nvidia beat on top and bottom lines for the third quarter, posting adjusted earnings of 81 cents per share on revenue of $35.08 billion. Analysts polled by LSEG […]
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Stocks making the biggest moves premarket: Snowflake, Nvidia, BJ’s Wholesale and more
Check out the companies making headlines before the bell. Snowflake – Shares surged more than 21% following the company’s better-than-expected third-quarter results and strong guidance. Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of […]
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Baidu posts 3% drop in third-quarter revenues, beating market expectations
Key Points Chinese tech company Baidu on Thursday reported better-than-expected revenue and profit for the third quarter. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Source
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Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of 25.83 billion yuan. Revenue reached 236.5 […]
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