China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy. Total investment deals made by Alibaba, Tencent and Baidu plunged by nearly 40 per cent to 102 in 2023, with Tencent – known … Read more
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 on Monday, following Baidu’s announcement. They indicated that China’s internet sector “has been undergoing changes”, which reflects Baidu’s focus on generative AI. “For Baidu, Ernie … Read more
Baidu recently announced that its ChatGPT-like artificial intelligence (AI) product called Ernie Bot has surpassed 100 million users. It is worth noting that the Ernie Bot draws its power from an internally developed large language model (LLM), which uses enhanced representation through knowledge integration. Designed to compete with AI chatbots like OpenAI’s ChatGPT, Microsoft Bing … Read more
