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Prominent US investors Stanley Druckenmiller and David Tepper are increasing their stakes in Chinese search giant Baidu, driven by its AI advancements. This comes as they reduce or exit positions in other major Chinese e-commerce firms like Alibaba and JD.com.
Baidu Introduces AI-Driven Video Generator and Revamps Search Engine Baidu, the Chinese technology company, unveiled a new artificial intelligence (AI) tool called MuseSteamer and launched a significant upgrade to its search engine on Wednesday. The…
China search engine giant Baidu Inc said on Monday it has obtained permits to operate fully driverless robotaxi services on open roads from two Chinese cities, the first of their kind in the country. The permits, awarded by the southwestern municipality of…
The concept car, which is free of door handles and can be fully controlled via voice recognition, was launched through an online press conference held on Baidu’s metaverse-themed app Xirang. Jidu, an EV venture controlled by Baidu and co-funded by Chinese…
Swiss Re and Chinese tech group Baidu are teaming up to help advance autonomous driving, the Swiss reinsurer said on Friday. Swiss Re will provide risk management expertise and insurance products for Baidu’s autonomous driving business, it said without giving…
Self-driving cars were invented by Google and the Google of China, Baidu, isn’t behind its American counterpart. It has created a new brand called JiDU which has announced plans for launching a self-driving car by 2023. They are calling it the robocar which…
Chinese tech giant Baidu said on Thursday its smart driving unit Apollo plans to cater to a total of 3 million users in China with a fleet of 3,000 robotaxis in 2023. Baidu also announced that it is partnering with BAIC Group’s electric vehicle (EV) brand…
Chinese users were reportedly unable to find results for popular cryptocurrency exchanges on major search engines in the country. Keyword searches for trading platforms such as Binance, OKEx and Huobi yielded no results, according to various media outlets.…
China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a…
China’s Baidu is considering making its own electric vehicles and has held talks with automakers about the possibility, three people with knowledge of the matter said, the latest move in a race among tech firms to develop smart cars. The search-engine leader,…
Baidu, China Internet search and AI giant, has agreed to pay $3.6 billion in cash for the Chinese live-streaming business of JOYY. The deal may help Baidu catch up in the fast-growing live and short video sectors, where it trails TikTok-owner Bytedance and…
An automated Alibaba hotel is set to open in Hangzhou. The move showcases the e-commerce giant’s technological capacity and serves to diversify its scope of business – with a view to demonstrating and selling its data-driven innovations. The company has…
China’s Baidu reported strong sales and profit in the recently closed second quarter, on the back of surging online advertising revenues. The Internet search engine said total revenues rose by nearly 25 percent to 26 billion yuan, marking the sixth straight…
Alibaba Group Holding Ltd. plans to buy out Baidu Inc. and other investors in Chinese startup Ele.me to shore up its delivery network, a person familiar with the matter said, placing its biggest bet yet in online food and local services. An acquisition would…
BlackBerry said on Wednesday it will collaborate with Chinese internet search firm Baidu Inc to tap the fast-growing autonomous vehicle market. BlackBerry, which has developed software QNX Hypervisor 2.0 to run complex computer systems in vehicles, said Baidu…
Huawei has entered a partnership agreement with Chinese search giant Baidu covering AI platforms and technology, internet services and content ecosystems. The two companies plan to develop an open mobile and AI ecosystem using Huawei’s HiAI platform and Baidu…
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