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Robin Li Yanhong

Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

by Anas Siddiqui
Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu’s Hong Kong-listed shares closed up 1.71 per cent to HK$86.45 on Thursday. A robotaxi, developed as part of Baidu’s Apollo Go autonomous driving project, seen on the road in …

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Baidu ekes out modest quarterly revenue growth amid escalating generative AI competition in China

by Anas Siddiqui
Baidu ekes out modest quarterly revenue growth amid escalating generative AI competition in China

Baidu, China’s search engine and artificial intelligence (AI) giant, reported 1 per cent revenue growth in the first quarter of 2024, in line with consensus estimates, as the Beijing-based company …

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Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

by Anas Siddiqui
Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

Alibaba Group Holding said its self-developed large language models (LLMs) have been adopted by more than 90,000 corporate clients, as the Chinese tech giant competes against rivals to draw users …

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Baidu closes Wikipedia-like app as focus shifts to generative AI service Ernie Bot

by Anas Siddiqui
Baidu closes Wikipedia-like app as focus shifts to generative AI service Ernie Bot

China’s web search giant Baidu will shut down its encyclopaedia app Baidu Baike, a local alternative to Wikipedia, as it shifts more resources to artificial intelligence (AI) development in a …

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Alibaba strengthens commitment to open-source development of AI models amid debate over this strategy

by Anas Siddiqui
Alibaba strengthens commitment to open-source development of AI models amid debate over this strategy

The e-commerce giant could have been “more aggressive in open-source [development]” over the past year based on the gains made by Tongyi Qianwen, according to Alibaba’s Lin Junyang, who is …

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Baidu claims 200 million users for Ernie chatbot, in sign that generative AI investments are paying off

by Anas Siddiqui
Baidu claims 200 million users for Ernie chatbot, in sign that generative AI investments are paying off

Baidu’s artificial intelligence (AI) chatbot Ernie Bot has attracted over 200 million users, according to company co-founder and chief executive Robin Li Yanhong, as the race to commercialise AI heats …

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Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

by Anas Siddiqui
Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year. Sample code …

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Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

by Ron Morgan
Chinese start-up Moonshot AI raises US billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

The start-up in October launched smart chatbot Kimi Chat, built on its self-developed Moonshot large language model (LLM), which can process as many as 200,000 Chinese characters in a context …

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Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

by Anas Siddiqui
Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note …

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Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

by Anas Siddiqui
Chinese tech companies’ frenzy over AI large language models ‘a huge waste of resources’, Baidu CEO says

Li, the co-founder, chairman and chief executive of Chinese internet search giant Baidu, told his audience at the annual X-Lake Forum in Shenzhen on Wednesday that this frenzy over LLMs …

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