Baidu’s stock fell 8% despite AI progress, with Ernie Bot generating $91 million, or under 2% of revenue. High expectations and a Chinese equity rout impacted shares, trading below 10x forward earnings. Artificial intelligence stocks are highly sought after by
Chinese e-commerce giant Alibaba Group has led a $1 billion funding round for AI startup Moonshot AI to boost generative AI in China. This becomes the latest in a string of sizeable investments by the group. As tech giants the
In an ambitious stride to bolster its position in the global artificial intelligence (AI) arena, China has sanctioned over 40 AI models for public application within just six months. This development follows the initiation of a regulatory framework aimed at
Governors for the states of Pennsylvania and Virginia have issued AI executive orders, which are meant to foster a better foundation for the rapidly growing AI sector in their states. The guidelines provided cover a wide range of AI issues,
Alibaba opened its AI model, Tongyi Qianwen, to the public after receiving approval from the Chinese government to market the ChatGPT competitor to a wider audience, according to a report by the South China Morning Post. In a post on
Chinese tech giant Baidu is setting up a venture capital fund of $145 million or 1 billion yuan to back AI-focused startups. Baidu co-founder and CEO Robin Li announced the launch of the fund at a JP Morgan summit in
Police in China have arrested a man for publishing a fake train accident story written using ChatGPT. It marks the first time that anyone has been arrested for using the AI chatbot, not only in China where ChatGPT is illegal
Chinese regulators have released draft regulations that will compel generative artificial intelligence – the software systems like the one underpinning ChatGPT – to follow the Chinese Communist Party’s (CCP) strict censorship rules, The New York Times reported on Monday. Generative
As we reported last week, More than 1,000 tech leaders have penned an open letter urging for a pause on major AI development and training. The moratorium, they say, will allow developers to gain a better understanding of these technologies.
Baidu Inc. has seen significant increase in its stock this year despite growing skepticism about its ChatGPT-like bot – Ernie Bot. The Chinese search engine firm launched its bot last month, much to the disappointment of the market as it
According to a press statement, Chinese tech giant Baidu has scrapped plans to launch its Ernie chatbot publicly, opting instead for a private showcase for select tech firms. The company launched privately to accommodate the 120,000 companies on its waitlist
OpenAI’s ChatGPT is not yet available for Chinese customers, but it has generated a lot of interest among many, with tech firms in that country rushing to create their own version. Alibaba Group, Tencent, Baidu, NetEase, and JD.com are reported
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