DIRS.INFO The most relevant business & tech news

☆ JPMorgan and Morgan Stanley reveal their top U.S.-listed Chinese internet stocks
▼ + stars: | 2024-01-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Morgan Stanley and JPMorgan named their key China internet picks and the themes to watch right now. Focus is on resilient content leaders, unique growth opportunities, and AI enablers," Morgan Stanley said in a Jan. 18 note. Baidu Morgan Stanley described Baidu as the "best AI play" in China. Morgan Stanley pointed to its steady operating margin expansion and record-high subscription revenue growth in the second to third quarter of 2023. Morgan Stanley's price target is $150, or 67.7% potential upside.

Persons: Morgan Stanley, JPMorgan, Pinduoduo, Morgan, Baidu Morgan Stanley, Baidu, NetEase, — CNBC's Michael Bloom Organizations: JPMorgan, Alpha, Baidu Locations: China, United States

☆ China issues safety guidelines for autonomous public transport vehicles
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Baidu's Apollo car with an autonomous driving system, which serves for self-driving taxi services, is seen at the Shougang Industry Park in Beijing, China July 30, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Dec 5 (Reuters) - China on Tuesday issued safety guidelines for the use of autonomous vehicles in public transport, the latest in a series of measures preparing for the increased use of driverless cars. The guidelines apply to autonomous vehicles for passengers including taxis as well as for freight transportation, the Ministry of Transport said in a statement. They also require companies using autonomous vehicles for public transport to be qualified and licensed and state that companies can work together with automakers on such operations. In October, it issued guidelines for highway engineering facilities to support autonomous driving technology.

Persons: Tingshu Wang, Albee Zhang, Zoey Zhang, Brenda Goh, Christopher Cushing Organizations: REUTERS, Rights, Ministry of Transport, Thomson Locations: Beijing, China, Rights BEIJING

☆ Chinese tech giant Baidu's shares rise 2% after revenue beat
▼ + stars: | 2023-11-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. Revenue grew by 6% year-on-year to 34.45 billion yuan ($4.72 billion) in the quarter that ended Sept. 30. Online marketing revenue at the search engine provider was up by 5% from a year ago, while non-online marketing revenue was 6% higher over the same period. It comes after revenue in the previous quarter surged 15% from a year ago, with online and non-online marketing revenue growing by double digits. "Baidu reported solid third-quarter financial results, demonstrating resilience in a challenging economic climate," Robin Li, Baidu CEO and co-founder of Baidu, said in a release.

Persons: Robin Li Organizations: Baidu, Revenue Locations: Beijing, China, BEIJING, U.S

Revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), compared with analysts' estimates of 34.33 billion yuan, according to LSEG data. Baidu has in recent years focused increasingly on AI, creating a self-driving vehicle and investing heavily in generative AI, which is capable of creating text, images and other media. Baidu's Chief Financial Officer Rong Luo said the firm will continue to prioritise AI investments, especially in generative AI and foundation models, to power its growth. Baidu's online marketing revenue rose 5% in the third quarter to 19.7 billion yuan. During the quarter, Baidu reported adjusted net income of 7.27 billion yuan, up 23% from 5.89 billion yuan for the same period last year.

Persons: Tingshu Wang, Ernie, Rong Luo, Luo, Alibaba, Yuvraj Malik, Varun H, Miral Fahmy, Sharon Singleton Organizations: Baidu, REUTERS, HK, Tuesday, International Monetary Fund, Nvidia, Reuters, Huawei, Thomson Locations: Beijing, China, Washington, Bengaluru, Yelin Mo

☆ Baidu CEO warns China's rush to develop AI models risks wasting resources
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. "A large language model itself is a basic foundation akin to an operating system, but ultimately developers need to rely on a limited number of large models to develop various native applications. Li said there are many large models in China, but AI applications developed based on large models are still very few. Baidu's own large language model, called Ernie, was opened to public use in August, joining other products that have received government approval for release. Last month, Baidu unveiled the newest version of its generative AI model Ernie 4.0, whose first version was first rolled out in March.

Persons: Florence, Robin Li, OpenAI, Li, Ernie, Yelin, Brenda Goh, Eduardo Baptista, Kim Coghill Organizations: Baidu, REUTERS, Rights, HK, Thomson Locations: Beijing, China, Rights BEIJING, Shenzhen, Yelin Mo, Shanghai

☆ Shares in China's iFlyTek tumble after reports AI-powered device criticised Mao
▼ + stars: | 2023-10-24 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

An iFlytek company sign is seen at the Appliance and Electronics World Expo (AWE) in Shanghai, China March 23, 2021. It has proposed the compilation of a blacklist of sources that cannot be used to train Chinese AI models. IFlyTek on Tuesday revealed its latest Spark AI model which the company says can rival OpenAI’s ChatGPT in most key areas. Liu said iFlytek’s model could compete with OpenAI’s GPT-4 early next year. The company also said that it is working with Huawei Technologies (HWT.UL) on an AI model training platform which uses Huawei’s flagship AI chips.

Persons: Aly, Mao Zedong, Baijiahao, Mao, iFlyTek, Liu Qingfeng, OpenAI’s, Liu, Josh Ye, Brenda Goh, Sharon Singleton Organizations: Appliance, Electronics, REUTERS, Reuters, Communist Party, Huawei Technologies, Thomson Locations: Shanghai, China, HONG KONG, iFlytek

☆ Baidu's newest AI model Ernie 4.0 fails to wow investors, but analysts maintain 'buy' ratings
▼ + stars: | 2023-10-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023. Analysts are bullish on Chinese tech giant Baidu's latest version of its generative artificial intelligence model, Ernie 4.0, but investors did not react positively to the development. "We came away positively following the announcement of several new products including the official debut of Ernie 4.0," said Citi analysts in a report, after Baidu announced a "significantly improved" version of Ernie 4.0 on Tuesday. The Chinese tech giant claimed Ernie 4.0′s capabilities are on par with those of ChatGPT maker OpenAI's GPT-4 model. "It has been significantly improved compared to the online version of Ernie bot and now it is not inferior to GPT-4," Li told an audience of analysts, investors and journalists.

Persons: ERNIE Bot, Ernie, Robin Li, Li, Jefferies, OpenAI's, Ernie bot Organizations: Baidu, Citi Locations: ZHEJIANG, CHINA

The logo of Baidu's AI chatbot Ernie Bot is displayed near a screen showing the Baidu logo, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - Chinese technology giant Baidu (9888.HK) on Tuesday unveiled the newest version of its generative artificial intelligence (AI) model, Ernie 4.0, saying its capabilities were on par with those of ChatGPT maker OpenAI's pioneering GPT-4 model. He also showed Ernie 4.0 creating advertising posters and videos. Baidu, owner of China's largest internet search engine, is at the forefront of AI models in China amid a global craze over the technology sparked by the introduction of ChatGPT last year. In August, Baidu was among a number of firms to receive government approval to release AI products to the public.

Persons: Ernie Bot, Florence Lo, Ernie, Robin Li, ChatGPT, Baidu, Yelin Mo, Eduardo Baptista, Brenda Goh, Christopher Cushing Organizations: Baidu, REUTERS, Rights, HK, Thomson Locations: Rights BEIJING, Beijing, China, United States

☆ Chinese tech giant Baidu says its latest update to ChatGPT rival Ernie is 'not inferior in any respect' to GPT-4
▼ + stars: | 2023-10-17 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese search giant Baidu has unveiled the latest version of its Ernie generative AI model. The company says that it is a match for GPT-4, the large language model behind OpenAI's ChatGPT AI. AdvertisementAdvertisementChinese AI companies are racing to match ChatGPT — and now, one says it has a chatbot that can go toe-to-toe with OpenAI's GPT-4 model. The chatbot is now also able to provide video and audio responses — unlike OpenAI's GPT-4, which currently only generates text responses. "Ernie is not inferior in any respect to GPT-4," said Li, in comments reported by Bloomberg .

Persons: —, ChatGPT —, OpenAI's, Ernie, Robin Li, Li Organizations: Baidu, GPT, Service, Bloomberg, Microsoft, US Locations: Beijing, China, Taiwan

☆ China moves to strengthen innovation in smart driving
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Oct 2 (Reuters) - China will back firms in the smart vehicle supply chain to form groups dedicated to spreading innovation, state media said on Monday, as it races to hammer out standards for assisted and autonomous driving functions by 2025. China will support firms in forming "innovation consortia", that enable them to learn from each other's strengths in order to achieve technological breakthroughs, the official Xinhua news agency said. Citing Xin Guobin, vice minister of industry and information technology, the agency added that China aims to speed its formulation and revision of key standards. Vehicles in this category can handle driving functions, but the driver must always be prepared to take over when road conditions change. China aims to master the core technologies of advanced autonomous driving and eventually put driverless vehicles on its roads in the effort to become the leading industry player worldwide.

Persons: Xin Guobin, Ryan Woo, Clarence Fernandez Organizations: Xinhua, Vehicles, HK, Baidu, Thomson Locations: BEIJING, China, Shenzhen, Wuhan, Chongqing, Beijing, United States

☆ China's AI 'war of a hundred models' heads for a shakeout
▼ + stars: | 2023-09-21 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Several other big name entrepreneurs and tech executives are behind new Chinese AI startups, such as Google China's former chief Kai-Fu Lee and Yan Juejie, a former vice-president of SenseTime (0020.HK). Others said that China's largest tech companies Alibaba, Tencent and Baidu ultimately had the biggest headstart and deep pockets to succeed, given their large user bases and wide range of services. For instance, they could easily offer generative AI services as an additional plug-in to their cloud users.

Persons: Baidu's, Robin Li, Ernie Bot, Tingshu Wang, OpenAI's, Esme Pau, Pau, Yuan Hongwei, Meta, Baichuan, Wang Xiaochuan, China's, Wang, Yuan, Kai, Fu Lee, Yan Juejie, SenseTime, Tony Tung, Tung, Josh Ye, Brenda Goh, Sam Holmes Organizations: Baidu, REUTERS, HK, Huawei, Nvidia, China, Macquarie Group, Y, Baichuan Intelligence, Inc, Sogou, Google, Partners, Thomson Locations: Beijing, China, HONG KONG, Alibaba, United States, Washington, Shenzhen

☆ China's capital city is letting the public take fully driverless robotaxis — and has bigger rollout plans, startup Pony.ai says
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's capital city is taking swift steps to allow robotaxi businesses to grow. As of Tuesday, the suburban Beijing city district of Yizhuang is officially letting local robotaxi operators — primarily Baidu and startup Pony.ai — charge fares for fully autonomous taxis, with no human staff inside. "We have very high confidence ... maybe only in three years, our full driverless vehicles are going to be running over the whole Beijing city," he said in an interview with CNBC on Monday. Out of more than 200 robotaxis that Pony.ai operates in the region, only about ten are currently fully driverless, Zhang said. Beijing city did not immediately respond to a CNBC request for comment.

Persons: Ning Zhang, Beijing's, Zhang, Yin Yong, Pony.ai, Baidu, Alphabet's Waymo, Pony.ai's Zhang, —, Leswing, Lora Kolodny Organizations: Visual China, Getty, BEIJING, Baidu, CNBC, Daxing International, robotaxis, General Motors, California Department of Motor Vehicles, Beijing Daxing, Google Locations: Beijing, Yizhuang, Pony.ai, Yizhuang district, Daxing, U.S, San Francisco, California, China, Shenzhen, Wuhan, Chongqing, Guangzhou, Shanghai

☆ China's AI applications are coming — where it matters for monetization
▼ + stars: | 2023-09-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app. It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships. "Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week. Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China. Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.

Persons: Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, –, Ernie, Oliver Wyman's David Xie Organizations: Baidu, KFC Locations: Beijing, China, Taobao, TikTok

Tencent has said it was internally testing its Hunyuan AI model on advertising and fintech. Tencent is integrating Hunyuan's capabilities with its existing products for video conferencing and social media, Tong told CNBC. The company operates WeChat, a widely used messaging and payments app in China, and video conference platform Tencent Meeting. Baidu and several other Chinese companies received the green light in the last few weeks to release AI-powered chatbots to the public. "The constraint that we're facing will hinder the progress, the speed of development," Tong told CNBC in response to a question about U.S. restrictions.

Persons: Dowson Tong, Tencent, Tong, Ernie, ChatGPT Organizations: CNBC, Baidu Locations: China, Beijing

☆ Baidu CEO says more than 70 large AI language models released in China
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 5 (Reuters) - More than 70 large artificial intelligence language models with over 1 billion parameters have been released in China, Baidu Inc (9888.HK) CEO Robin Li told an industry event in Beijing on Tuesday. Baidu joins several other Chinese companies that launched AI chatbots last week after securing regulatory approval for mass market releases. These include facial recognition firm SenseTime (0020.HK) and AI startups Baichuan Intelligent Technology, Zhipu AI, and MiniMax. Li said the latest version of Baidu's AI chatbot, Ernie 3.5, has processing speed twice that of the previous version with 50% improved efficiency.

Persons: Aly, Robin Li, Baidu, Li, Ernie, Yelin Mo, Brenda Goh, Muralikumar Organizations: Artificial Intelligence, REUTERS, Rights, Baidu Inc, HK, Technology, Baidu, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing

☆ Baidu launches a slew of AI applications after its Ernie chatbot gets public approval
▼ + stars: | 2023-09-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. BEIJING – Chinese tech giant Baidu announced more than 10 new AI-based applications on Tuesday, just days after its ChatGPT-like Ernie bot was released for public use. The company built the tool using the AI model on which Baidu's Ernie bot is based, as well as Baidu's "Qianfan" cloud platform for AI models, according to a release. Nearly 10,000 businesses are actively using Baidu's Qianfan cloud platform each month, the company claimed. Baidu also announced that more than 6 million users have used an AI-powered tool that sits inside its Google drive-like cloud product.

Persons: Ernie chatbot, Ernie Organizations: Baidu Locations: BEIJING, Shanghai

☆ China's government-approved AI chatbots were released to the public this week. Baidu's chatbot Ernie reportedly says a Chinese military takeover of Taiwan is possible.
▼ + stars: | 2023-09-02 | by ( Aaron Mok | Alistair Barr | ) www.businessinsider.com time to read: +4 min

The Chinese government recently approved several generative AI chatbots for public use. Baidu's new Ernie AI chatbot weighed in on the future of Taiwan. Zhipu, from shopping-platform Meituan, gave the best results, he said, though "all the Chinese bots have catching up to do." On Taiwan: When the reporter asked these AI bots whether Taiwan is a country, Ernie declared that a Chinese military takeover of Taiwan is possible, according to the report. When the reporter asked these AI bots whether Taiwan is a country, Ernie declared that a Chinese military takeover of Taiwan is possible, according to the report.

Persons: Ernie AI chatbot, Baidu's, Ernie, Baidu, SenseTime's SenseChat, Bytedance's, Zheping Huang, Tencent's, SenseTime, Xi Jinping Organizations: Bloomberg News, Morning, Baidu, Reuters, Bloomberg Locations: Taiwan, China

☆ UBS says this is how to play China right now — and shares its top stock picks
▼ + stars: | 2023-08-31 | by ( Lucy Handley | ) www.cnbc.com time to read: +4 min

Analysts at UBS have detailed how to play a volatile Chinese market in the short term. Chinese internet giant Alibaba is on UBS' list, with the bank expecting it to grow faster than the overall Chinese stock market. "Potential stock price catalysts include growth from the cloud business, overseas expansion and greater operational discipline," the analysts wrote. Insurers with full pension licenses, such as Ping An, will likely enjoy a first mover advantage," the analysts wrote. Consumer stocks In consumer stocks, UBS likes Topsports International , which is Adidas ' largest retail partner globally, the bank said.

Persons: Gina Raimondo, — CNBC's Michael Bloom Organizations: UBS, Baidu, Ping An Insurance, Consumer, Topsports, Adidas, Shenzhou, Nike, KFC, China Longyuan Power, China Resources Power Locations: Asia, China

☆ China's big internet names have mostly beat. Here's where analysts think the stocks are headed
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.

Persons: Tencent, –, Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent

☆ South Korea's Naver launches generative AI services to compete with ChatGPT
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

South Korean internet giant Naver released its own generative artificial intelligence tool on Thursday, joining other companies in launching large language models to compete with OpenAI's ChatGPT. Naver is dubbed the Google of South Korea, as the operator of the country's top search engine. The company said its large language model HyperClova X can improve search as well as marketing and shopping experiences for advertisers and users. HyperClova X powers a slate of new applications Naver announced Thursday including generative AI search service Cue: and chat app Clova X.Naver said Clova X can increase work productivity by summarizing documents and running language translation. Naver said Clova X will start beta testing Thursday.

Persons: OpenAI's, Naver, Clova, Kim Yuwon, ChatGPT, —, Bard, Tongyi, Ernie Bot, Kim Organizations: CNBC Locations: South Korea

☆ China's Baidu reports 15% revenue growth, beating expectations
▼ + stars: | 2023-08-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising. This was the fastest quarterly year-on-year growth pace in two years, according to Refinitiv data. Here's how Baidu did in the June quarter versus Refinitiv consensus estimates:Revenue: 34.1 billion yuan ($4.7 billion) versus 33.28 billion yuan expected. Within Baidu's core businesses, online marketing revenue rose by 15% to 19.6 billion yuan in the second quarter, and non-online marketing revenue added 12% to 6.8 billion yuan. Earnings per American Depositary Share on a non-GAAP basis were 22.55 yuan, versus 15.79 yuan in the year-ago period.

Persons: Robin Li Organizations: Baidu Locations: Beijing, BEIJING, U.S

☆ Baidu beats quarterly revenue estimates on strong advertising
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Baidu sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsAug 22 (Reuters) - Chinese search engine and artificial intelligence company Baidu Inc (9888.HK) beat second-quarter revenue estimates on Tuesday, helped by strength in advertising. Baidu has also been promoting its generative artificial intelligence (AI) large language model (LLM) tool, Ernie, to jump on the AI bandwagon — a trend that has caught the attention of investors and consumers. The company's revenue for the quarter ended June 30 was 34.06 billion yuan ($4.67 billion), compared with analysts' average estimate of 33.28 billion yuan, according to Refinitiv data. ($1 = 7.2928 Chinese yuan renminbi)Reporting by Akash Sriram in Bengaluru and Brenda Goh in Shanghai; Editing by Shilpi Majumdar, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Ernie, Robin Li, Baidu's, Akash Sriram, Brenda Goh, Shilpi Majumdar, Kirsten Donovan Organizations: Baidu, Artificial Intelligence, REUTERS, Baidu Inc, HK, Thomson Locations: Shanghai, China, U.S, Bengaluru

☆ These 5 stocks are on Goldman’s ‘conviction buy’ list — and it gives one more than 50% upside
▼ + stars: | 2023-07-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The Wall Street bank's Conviction List comprises its top buy-rated stocks that it expects to outperform. Goldman gave Baidu's U.S.-listed shares a 12-month price target of $197, and its Hong Kong-listed shares a price target of 193 Hong Kong dollars. Shift4 Payments American payment processing company Shift4 Payments is also on Goldman's conviction list. "Its refreshed, modern restaurant POS [point of sale] platform and new verticals should drive market share growth," Goldman analysts wrote. Goldman gave Warner Bros Discovery, which is on its conviction list, a price target of $20, or potentially more than 50% upside.

Persons: Goldman Sachs, Baidu Goldman, Goldman, Johnson, Warner Bros Discovery Goldman, WBD, Solar Goldman, — CNBC's Michael Bloom Organizations: Baidu, Baidu's U.S, Hong, Johnson Controls, Warner Bros Discovery Locations: China, Hong Kong

☆ UBS just updated its 'highest conviction' stock list with picks to beat the market
▼ + stars: | 2023-07-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

In a list of "23 for '23" picks, UBS included Baidu , Grab , Merck , Salesforce , Li Ning and Siemens . It updated its stock selection, adding Yum Brands and MGM Resorts International to the list last month, and removing AbbVie and Corteva . Our 23 for '23 theme showcases our highest conviction stock ideas that aim to benefit from these inflections," stated the authors of the UBS report, led by Nadia Lovell. UBS added MGM Resorts International to its picks, with analysts "encouraged by the continued strength in Las Vegas and a healthy outlook for MGM." Manufacturing and technology company Siemens made the UBS list for being "at the forefront of the Industrial Internet of Things (IIoT) transformation."

Persons: Li Ning, Nadia Lovell, Salesforce, Taco, — CNBC's Michael Bloom Organizations: UBS, Baidu, Merck, Salesforce, Siemens, Yum Brands, MGM Resorts International, MGM, Software, Manufacturing, Industrial, Taco Bell Locations: Swiss, Las Vegas

☆ Analysis: China's slow AI roll-out points to its tech sector's new regulatory reality
▼ + stars: | 2023-07-12 | by ( Josh Ye | ) www.reuters.com time to read: +6 min

[1/3] An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. New rules Chinese firms have to comply with range from algorithm vetting to accepting security reviews of data they want to export. They definitely stifle the innovation and slow down the ability of Chinese firms to catch up." A key motivation behind China's reluctance to release AI chatbots is that Beijing fears uncensored chatbots may start influencing societal views in potentially subversive directions, said Mark Natkin, managing director of research firm Marbridge Consulting. "While the U.S. is racing ahead with AI, China is hitting the brakes with more rules."

Persons: Aly, HONG KONG, OpenAI's ChatGPT, Henry Gao, Ernie Bot, Robin Li, Shi, Mark Natkin, Heatherm Huang, Bard, Microsoft's Bing, Xi Jinping, Baidu, Josh Ye, Brenda Goh, Jamie Freed Organizations: Artificial Intelligence, REUTERS, China, Baidu, HK, Ant Group, Western, Singapore Management University, Microsoft, SenseChat, Nomura, Marbridge Consulting, Huawei Technologies, Thomson Locations: Shanghai, China, HONG, Beijing, Alibaba, Tencent, Hong Kong, U.S

Search resuls for: "Baidu's"

25 mentions found