Tag: $Baidu

Baidu BIDU reported its worst-ever revenue decline as advertising demand remained weak, undermining the Chinese search-engine giant’s investment efforts in growth areas like AI as it seeks to revive a flagging business.

Chinese tech giant Baidu announced Wednesday that its robotaxi unit will start test drives in Switzerland in December, as firms race to get their vehicles on European roads.

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.

Baidu stock was rising on Wednesday after the Chinese tech company’s growing artificial-intelligence business helped it top analysts’ first-quarter earnings targets.

Chinese tech company Baidu’s Apollo Go robotaxi business plans to expand to Europe this year, according to a source familiar with the matter.

Chinese internet-search giant Baidu has upgraded its artificial-intelligence models and cut prices amid fierce competition with rivals like DeepSeek and Alibaba.

Shares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as investors appeared to react positively to the release of two new AI models over the weekend.  

Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.

The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.

Shares in Baidu rose Thursday after the Chinese tech company focused on search and artificial intelligence reported first-quarter results ahead of Wall Street’s expectations.

Shares of Baidu Inc rose sharply in Hong Kong trade after multiple media reports suggested that the company was in talks with Apple Inc over using the Chinese internet giant’s AI models in Apple’s iPhone software in China. 

China’s Baidu said fourth-quarter revenue rose 6%, helped by gains from its artificial intelligence applications and a growing advertising business.

Baidu shares dropped following a report that its artificial-intelligence chatbot had been tested by scientists affiliated with the Chinese military. The internet company distanced itself from the research in a sign of the political challenges facing Chinese AI companies.

Revenue grew by 6% year-on-year to 34.45 billion yuan ($4.72 billion) in the quarter that ended Sept. 30. That was slightly higher than analyst expectations.

Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising.

Baidu said Tuesday the artificial intelligence model underpinning its chatbot outperformed OpenAI’s ChatGPT in several key areas.