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Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | ReutersSHENZHEN — Baidu CEO Robin Li said Tuesday the company's ChatGPT-like Ernie bot has exceeded 200 million users. Li, who is also co-founder and chairman of Baidu, was delivering an opening speech titled "Everyone is a Developer" at Baidu's AI Create conference. Smartphone companies Samsung and Honor have integrated Ernie's AI capabilities with certain mobile devices. Li said in February that Baidu's AI chip reserve "enables us to continue enhancing Ernie for the next one or two years."
Persons: Florence Lo, Robin Li, Ernie, Li, Joe Tsai Organizations: Baidu, Reuters SHENZHEN, Samsung, Norges Bank Investment Management Locations: Beijing, China
Read previewChina’s leading ride-hailing firm has dropped out of a program that allows it to test self-driving vehicles on Californian public roads. Ride-hailing giant Didi has withdrawn from California’s autonomous vehicle testing program, according to the California Department of Motor Vehicles, as several rival Chinese firms also scaled back their self-driving operations in the state. Future Publishing/Getty imagesDidi is not the only Chinese company that appears to be scaling back autonomous vehicle testing in California, or pulling out entirely. That's a significant decline from the previous year, when Chinese autonomous vehicle companies conducted over 450,000 miles of testing. AdvertisementHe said that public backlash toward autonomous vehicles in cities like San Francisco had increased the risks of negative PR for companies testing the technology on public roads.
Persons: , Didi, WeRide, AutoX —, That's, Sesame, Bob Latta, Cruise, that's, ” John Helveston, ” Helveston Organizations: Service, California Department of Motor Vehicles, Business, DMV, Baidu, Future Publishing, Pegasus Technology, NBC, Republican, Anadolu, Getty, George Washington University Locations: California, Shanghai, China, Jiaxing, San Francisco
Widely followed investor Dan Niles on Tuesday revealed his top stock picks for 2024, including one of 2023's top performers. The founder and senior portfolio manager of the Satori Fund selected two names from the so-called Magnificent Seven mega-cap tech stocks as his favored shares for the new year — Amazon and Meta Platforms . META 1Y mountain Meta shares 1-year chart ETFs The hedge fund investor is also bullish on SPDR S & P Biotech ETF (XBI), which tracks more than 120 biotech companies. The investor said the top holdings in KWEB — Baidu , Alibaba and Tencent — are so much cheaper than mega-cap names in the Magnificent Seven. "You can buy them at 13 times P/E off 24 numbers for comparison, The Magnificent Seven, you're paying 34 times," he said.
Persons: Dan Niles, Satori, Niles, Apple, they're, we've Organizations: Satori Fund, Apple, Barclays, CNBC, Meta, P Biotech, KraneShares CSI China Internet, Baidu
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina generative A.I. : Goldman Sachs says business-to-business side is the biggest revenue driverRonald Keung of the investment bank discusses how China's internet giants — Baidu, Alibaba, and Tencent — are faring when it comes to the "three layers" of generative artificial intelligence.
Persons: Goldman Sachs, Ronald Keung, Tencent Organizations: — Baidu
Big tech companies in the U.S. and China rushed this month to announce they are working on similar AI tools. PingCap launched "Chat2Query" for customers outside China in January that uses a publicly available application programming interface from OpenAI. "We think the revolution may not be in AI search but in every business," he said in Mandarin, translated by CNBC. Transformative potentialFang said he was directly inspired by OpenAI's early version of ChatGPT tech in 2020. In contrast, he said generative AI tech can immediately provide value since it operates where users are already producing and consuming content.
Chinese EV startup Jidu plans to use ChatGPT-like tech
  + stars: | 2023-02-15 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Visitors look at a Jidu Robo-01 electric SUV during the 20th Guangzhou International Automobile Exhibition at Canton Fair Complex on Dec. 30, 2022 in Guangzhou, China. BEIJING — Baidu's ChatGPT-like product is set to come to electric, assisted-driving cars, startup Jidu said Tuesday. Jidu, backed by Baidu and Geely , is using Baidu's Apollo system for the in-car user interface and assisted driving tech. The startup plans to deliver its first car this year. Jidu plans to use Apollo with Baidu's ChatGPT-like product, called Ernie bot in English, the startup said.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The 2-year Treasury yield was trading at 4.485% after climbing more than 18 basis points. Chinese firm Baidu joined the bandwagon Tuesday and said its own AI chatbot, named Ernie, will complete internal testing in March. Subscribe here to get this report sent directly to your inbox each morning before markets open.
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