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☆ Baidu says its alternative to ChatGPT is coming to the public in March
▼ + stars: | 2023-02-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Sun Yilei | ReutersBEIJING — Chinese tech giant Baidu said Wednesday its artificial intelligence product Ernie bot is set to open to the public next month. "We will embed Ernie bot into Baidu search first and we'll open it to the public in March," Baidu CEO Robin Li said Wednesday during an earnings call, according to a FactSet transcript. Stock Chart Icon Stock chart icon Baidu 12-month share performanceDespite widespread assessments that ChatGPT is transformative for tech, businesses don't have a clear path to monetization yet. For Ernie bot, public partnership announcements include Baidu-backed video streaming platform iQiyi's plans for connecting to the bot for search and AI-generated content. Baidu-backed electric car startup Jidu — which is set to start deliveries this year — also said it plans to incorporate Ernie bot.

Hong Kong CNN —Several popular Chinese apps have removed access to ChatGPT, the artificial intelligence chatbot that has taken the world by storm even as major Chinese tech companies race to develop their own equivalent. Two other apps, ChatgptAiAi and Chat AI Conversation, said their ChatGPT services went offline due to “relevant business changes” and policy changes. Meanwhile, Hanwang Technology and Beijing Deep Glint Technology, both developers of AI products and services, closed 10% and 5.5% lower respectively. Despite these concerns, the success of ChatGPT has spurred a global AI race. In the absence of foreign competition within the domestic market, Chinese tech companies have since grown into major international players — many of which are now revving their gears with an eye toward AI.

☆ Baidu beats fourth-quarter revenue estimates, flags chatbot launch
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +3 min

Revenue for the quarter ended Dec. 31 came in at 33.08 billion yuan ($4.80 billion), inching past analysts' estimates of 32.01 billion yuan, according to Refinitiv data. Revenue from Baidu Core, which includes search-based ad sales, cloud offerings and its autonomous driving initiatives, fell 1% to 25.7 billion yuan. While non-online marketing revenue rose 11% to 7.6 billion yuan, driven by AI and cloud businesses, strict pandemic-related controls in China caused the company's online marketing revenue to drop 6% to 18.1 billion yuan in the reported quarter. A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. ($1 = 6.8963 Chinese yuan renminbi)Reporting by Yuvraj Malik in Bengaluru and Eduardo Baptista in Beijing; Editing by Devika Syamnath, Shounak Dasgupta and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Baidu beats fourth-quarter revenue estimates, announces $5 bln share buyback
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

Feb 22 (Reuters) - China's Baidu Inc (9888.HK) beat revenue estimates for the fourth quarter on Wednesday, bolstered by strength in its advertising, cloud and artificial intelligence businesses, sending its U.S.-listed shares up 7% in premarket trading. Revenue for the quarter ended Dec. 31 came in at 33.08 billion yuan ($4.80 billion), inching past analysts' estimates of 32.01 billion yuan, according to Refinitiv data. Revenue from Baidu Core, which includes search-based ad sales, cloud offerings and its autonomous driving initiatives, fell 1% to 25.7 billion yuan. While non-online marketing revenue rose 11% to 7.6 billion yuan, driven by AI and cloud businesses, strict pandemic-related controls in China caused the company's online marketing revenue to drop 6% to 18.1 billion yuan in the reported quarter. Baidu stands as the best example of the long-term growth of China's AI market and is advancing at the forefront of this new wave," Li said.

☆ Baidu's ChatGPT-like app will revolutionise its search engine, says CEO
▼ + stars: | 2023-02-22 | by ( Eduardo Baptista | ) www.reuters.com time to read: +3 min

BEIJING, Feb 23 (Reuters) - China's Baidu Inc (9888.HK) will use its ChatGPT-like app Ernie Bot to create a "revolutionary" version of its popular search engine, the company's CEO said on Wednesday. Ahead of Ernie Bot’s launch in March, Baidu CEO Robin Li told reporters on a conference call to discuss fourth-quarter results that users would be more dependent on the Baidu search engine once it was embedded with the chatbot. He added that online advertising, the company's main source of revenue, would also be boosted by the integration of Ernie Bot into the search engine. Since early February, more than 400 companies have signed up to join the Ernie Bot community as early users of the app, Baidu has said. He also said Ernie Bot was "state of the art" among large AI-driven language models in terms of understanding China's language and culture.

☆ EU top court adviser backs FX borrowers, Polish bank stocks fall
▼ + stars: | 2023-02-16 | by ( Anna Koper | ) www.reuters.com time to read: +3 min

The country's KNF financial watchdog has warned that the banking sector could face a 100 billion zlotys hit in case of an unfavourable ruling. He added that if Polish courts grant remuneration to consumers the additional cost would be similar in the worst case scenario. Hundreds of thousands of Poles took out mortgages in foreign currencies, mainly in Swiss francs, attracted by lower interest rates. Many mortgage holders took banks to court, while banks started offering settlements to find an out-of-court solution. The total stock of foreign currency mortgages in Poland stood at almost 79 billion zloty in December based on the latest available KNF data, with Swiss franc mortgages accounting for over 52 billion zloty.

☆ What is a microaggression? 15 things people think are fine to say at work — but are actually racist, sexist, or offensive.
▼ + stars: | 2023-02-15 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +2 min

Microaggressions are indirect or subtle expressions of racism, sexism, ageism, or ableism. A number of Black workers report facing less discrimination and fewer microaggressions working from home than when they're at the office. Some women of color say remote work has helped them in the same way, too. From telling a new female worker that she "looks like a student" to asking a Black colleague about her natural hair, microaggressions can make a workplace feel uncomfortable, unsafe, and toxic. Since microaggressions are subtle, it's often hard to know if you're committing one or if you're on the receiving end.

Robin Li (or Li Yanhong in Chinese), founder, chairman and CEO of Baidu, introduces the new AI-powered digital assistant "Duer" during the 2015 Baidu Technology Innovation Conference on September 8, 2015 in Beijing, China. Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia's morning trade. Google recently announced a similar service, Bard A. I.Ernie stands for "Enhanced Representation through Knowledge Integration," Baidu said, describing it as a "large language model" that was introduced in 2019. "What distinguishes ERNIE from other language models is its integration of extensive knowledge with massive data, resulting in exceptional understanding and generation capabilities," Baidu said.

☆ Vanilla is the world's second-most expensive spice. So why do Madagascar's farmers live in poverty?
▼ + stars: | 2023-02-03 | by ( Robin Lindsay | Victoria Barranco | ) www.businessinsider.com time to read: 1 min

Vanilla is the world's second-most expensive spice. So why do Madagascar's farmers live in poverty? Read next Most Popular Videos Most Recent Videos

☆ Baidu Developing Its Own ChatGPT, Aiming to Integrate It Into Search
▼ + stars: | 2023-01-30 | by ( Karen Hao | Raffaele Huang | ) www.wsj.com time to read: 1 min

Baidu CEO Robin Li, here in 2019, told employees in late December that the great challenge is turning the company’s ‘cool technology’ into products that everyone needs. China’s Baidu Inc. has thrust itself into a global race to commercialize the next-generation of artificial-intelligence technologies like ChatGPT that could bring major transformations to the internet. The company is developing an AI-powered chatbot similar to OpenAI ‘s popular ChatGPT and plans to integrate it into its main search engine in March, people familiar with the matter said.

☆ Baidu Is Developing Its Own ChatGPT, Aiming to Integrate It Into Search
▼ + stars: | 2023-01-30 | by ( Karen Hao | Raffaele Huang | ) www.wsj.com time to read: 1 min

Baidu CEO Robin Li, here in 2019, told employees in late December that the great challenge is turning the company’s ‘cool technology’ into products that everyone needs. China’s Baidu Inc. is developing an artificial-intelligence-powered chatbot similar to OpenAI’s popular ChatGPT and plans to integrate it into its main search engine in March, people familiar with the matter said. The search giant also plans to build an independent website for users to access the tool, some of the people said.

☆ Why tiny cactus bugs in red food dye are a $35 billion industry
▼ + stars: | 2023-01-23 | by ( Robin Lindsay | Victoria Barranco | ) www.businessinsider.com time to read: +1 min

Cochineals are parasites that live on cactuses, and the acid in their guts has been used as red dye for millennia. Today, cochineals are used to dye cosmetics and foods like M&Ms and Yoplait strawberry yogurt. But up against synthetic dyes, Mexican cochineal farms are dying off, taking the ancient tradition with them. The acid in their guts makes a red dye used in textiles, cosmetics, and foods like M&Ms and Yoplait yogurt. It can be found on the walls of archeological sites, in priceless paintings, and in the robes of kings.

☆ Baidu claims its robotaxis rival traditional ride-hailing in parts of China
▼ + stars: | 2022-11-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Baidu got approval to charge fares for its robotaxi rides in the Beijing suburb of Yizhuang in November 2021. BEIJING — Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services. "According to our knowledge, this number is quite close to the average daily rides for traditional ride-hailing services," Li said. In Beijing, Shanghai and Guangzhou, Baidu's robotaxis — branded Apollo Go — can only operate in certain suburban areas. The company did not say whether it could charge fares for its robotaxi rides in Guangzhou or Shanghai.

☆ Prediction Capital just closed the first tranche of its $30 million fund to back early-stage fintech and consumer startups in the DACH region
▼ + stars: | 2022-11-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Prediction Capital has launched its first fund to back early-stage fintech and consumer startups. The $30 million fund, backed by Swiss family office Infinitas Capital, will focus on the DACH region. The Malta-based firm, which has reached the first close of its new $30 million early-stage fund, will focus on startups in the DACH region. Its focus is early-stage startups, across pre-seed to Series A, and initial ticket sizes will range from $250,000 to $500,000. With the help of the family office, Prediction Capital has been able to close four deals so far.

☆ Mezcal is now the fastest-growing liquor in the US. Why aren't Mexican producers cashing in?
▼ + stars: | 2022-10-31 | by ( Robin Lindsay | Victoria Barranco | ) www.businessinsider.com time to read: +1 min

It's left smaller Mexican producers with a fraction of the profits. But as demand soars stateside, small Mexican mezcal producers aren't making the big bucks. While Mexican regulations do require mezcal to be made in Mexico, that hasn't stopped large, international companies from scooping up mezcal supplies, repackaging them, and reselling them for huge profits abroad. And the only organization that can stand in the way, the mezcal certifying agency COMERCAM, has faced claims of favoritism of large companies over smaller, traditional ones. This has left some century-old mezcal brands frustrated and fearful that their ancestral ways of making mezcal are at risk.

☆ Inside the floating tin mines that host one of the most dangerous jobs
▼ + stars: | 2022-09-27 | by ( Olivia Nemec | Robin Lindsay | ) www.businessinsider.com time to read: 1 min

On Bangka Island, Indonesia, hundreds of miners risk their lives daily to dig for tin on the ocean floor. The miners make $13 a day, and they say the job is their best option for feeding their families. Tin is used to make canned goods, paint, phones, and even fuel. Loading Something is loading. But today, the land supply is almost gone, so miners have moved to the sea, risking their lives to extract the ore 65 feet underwater.

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