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Baidu Inc

IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

by Walter Watson
IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company …

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China’s AI stocks are surging. Here are the names to watch

by Walter Watson
China’s AI stocks are surging. Here are the names to watch

Chinese artificial intelligence stocks are surging, even if the broader market recovery remains more muted. OpenAI’s Sora text-to-video product reveal came towards the end of China’s Lunar New Year holiday. …

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Pros name sectors – and stocks – to play the Chinese market

by Walter Watson
Pros name sectors – and stocks – to play the Chinese market

A slump in foreign direct investments, deflation and a shake-up in the stock market has put pressure on the Chinese economy, causing several investors to turn cautious on the Asian …

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Time to bottom fish in Chinese stocks? Names analysts say can bounce

by Walter Watson
Time to bottom fish in Chinese stocks? Names analysts say can bounce

Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in. Fresh data only seem to reinforce how China’s problems can’t be …

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Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

by Walter Watson
Baidu’s Ernie AI chatbot to power Samsung’s new Galaxy S24 smartphones

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into …

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JPMorgan, Morgan Stanley share U.S.-listed picks in China internet

by Walter Watson
JPMorgan, Morgan Stanley share U.S.-listed picks in China internet

Morgan Stanley and JPMorgan named their key China internet picks and the themes to watch right now. Both Wall Street banks indicated that it will be an alpha-driven market for …

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Stocks making the biggest moves midday: MRNA, AAPL, GDRX, COIN

by Walter Watson
Stocks making the biggest moves midday: MRNA, AAPL, GDRX, COIN

Check out the companies making headlines in midday trading. Moderna — The drugmaker jumped 16% following an upgrade to outperform by Oppenheimer. The firm said Moderna’s multiple product launches in …

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Baidu says its ChatGPT rival Ernie bot has more than 100 million users

by Walter Watson
Baidu says its ChatGPT rival Ernie bot has more than 100 million users

HANGZHOU, CHINA – NOVEMBER 23: People learn about Baidu’s artificial intelligence (AI) chatbot service ERNIE Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November …

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AI boom fails to propel China’s cloud market growth

by Walter Watson
AI boom fails to propel China’s cloud market growth

An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Aly Song | Reuters BEIJING — Excitement over artificial intelligence isn’t yet fueling …

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Rakuten plans to launch its own AI model within next 2 months: CEO

by Edgar Davis
Rakuten plans to launch its own AI model within next 2 months: CEO

The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to launch its …

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