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The Latest Breaking News from Robin Li

Baidu Stock Falls Despite Q1 Revenue Beat, AI Growth

Baidu stock fell after the China technology giant posted Q1 results that topped expectations, helped by AI momentum.

Investors Business Daily

Google DeepMind CEO says that humans have just over 5 years before AI will outsmart them

Demis Hassabis, Elon Musk, and Sam Altman have all warned that artificial general intelligence (AGI) will outwit humans in the near future.

Fortune

Baidu Stock Falls As Ad Slump Weighs On Sales Despite AI Momentum

Baidu stock fell Tuesday after the Chinese internet search giant reported fourth quarter results that beat but saw sales slow.

Investors Business Daily

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Baidu CEO defends heavy AI investments as competition heats up and Apple reportedly looks elsewhere

“When technology still evolves at such a rapid rate, you just cannot stop investing,” CEO Robin Li said in Dubai on Tuesday.

Fortune

Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts

Baidu's CEO recently predicted that once the AI bubble bursts, 99% of companies involved will go under, though he believes this process will benefit the market.

Tom’s Hardware

China firms' AI breakthrough can meld GPUs from different brands into one training cluster — Baidu says new tech fuses thousands of GPUs together to help sidestep shortages

Baidu developed a system that will let it use GPUs from different brands and use it as a unified computing cluster for training LLMs.

Tom’s Hardware

Baidu admits US sanctions on Nvidia and AMD GPUs mean it might not have access to leading-edge GPUs again

Baidu tells investors it will have to use its own or domestic processors as getting Nvidia hardware is impossible.

Tom’s Hardware

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Baidu reveals expectations-beating earnings and touts its new ChatGPT-like AI models, amid leadership chaos at U.S. competitor OpenAI

Baidu took an early lead in the race to dominate China's AI sector with the release of ERNIE Bot earlier this year.

Fortune

Building AI models is an "enormous waste of social resources," says Baidu CEO one month after his company released its latest AI model

The CEO of Baidu, China’s largest search engine, believes developers should focus on building AI-powered apps on top of existing foundational models.

Fortune

Baidu Touts Generative AI Advances At Beijing Tech Event

China's Baidu touted improved capabilities of its new "generative" artificial intelligence model at its annual technology conference in Beijing.

Investors Business Daily

Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4

The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0

The Independent UK

China's Baidu makes AI chatbot Ernie Bot publicly available

Chinese search engine and artificial intelligence firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public

The Independent UK

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.

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’.

Al Jazeera

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Fortune

Investors didn’t think much of the debut of Baidu’s ChatGPT competitor: Shares are down almost 10%

Baidu’s CEO and cofounder said the company was launching an imperfect model “because the market demands it.”

IT Pro

Baidu unveils 'Ernie' AI, but can it compete with Western AI rivals?

Chinese tech giant Baidu has announced its own generative AI chatbot, known as Ernie Bot, in a press conference that aimed to put the firm on a competitive footing with OpenAI and Microsoft. Ernie Bot is a large language model (LLM) that has been in development at Baidu for some…

The Guardian - UK

Chinese ChatGPT rival from search engine firm Baidu fails to impress

Shares plummet after Ernie Bot AI chatbot software falls short of expectations at unveiling in Beijing

The Independent UK

Baidu unveils ChatGPT-rival Ernie Bot; 650 companies sign up

Chinese search giant Baidu has unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation that appeared to disappoint investors

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news in one place.

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Al Jazeera

China’s Baidu unveils ChatGPT rival Ernie

Investors give cool response to pre-recorded event showing off AI chatbot’s capabilities.

The Independent UK

Baidu to implement ChatGPT-like Ernie Bot chatbot from March

Baidu Inc., one of China’s biggest search and artificial intelligence firms, says it plans to implement its artificial intelligence chatbot Ernie into its search services from March

Benzinga

Move Over Tesla? This Electric Vehicle Company Thinks It Can Do Robotaxis Better

As the market leader for electric vehicles, Tesla Inc (NASDAQ: TSLA) is being pursued by other electric vehicle upstarts and legacy automakers. An electric vehicle company backed by a leading search engine in China is the latest to call out its potential to one day pass Tesla.

Benzinga

Why Baidu Shares Are Gaining Today

Baidu, Inc (NASDAQ:BIDU) reported first-quarter FY22 revenue growth of 1% year-on-year to $4.48 billion, beating the consensus of $4.18 billion. Segments: Baidu's Core revenue increased 4% Y/Y to $3.37 billion; Online marketing revenue declined 4% Y/Y to $2.47 billion, and Non-online marketing revenue jumped 35% Y/Y to $903 million, driven by cloud and other AI-powered businesses.…

Benzinga

Alibaba, Other Chinese Stocks Pop As China's Top Economic Official Expresses Support For Digital Platform Ahead Of 2022 Election

China's top economic official offered an unusually public show of support for digital platform companies hinting toward possible ease in the ongoing crackdown, Bloomberg reports. The latest comments may inject much-needed confidence into the capital markets. Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA) combined lost over $1 trillion in market value post…

Benzinga

Alibaba And Other Chinese Stock Investors Remain Cautious Over China's Political Body Forum With Leading Firms

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…

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