Morgan Stanley’s guide to investing in AI as the technology’s use expands

Morgan Stanley’s guide to investing in AI as the technology’s use expands

Morgan Stanley is offering alternative ways to play artificial intelligence beyond the usual technological “enablers” that dominate investor attention. A report released Tuesday titled “15 Ways to Play AI” forecasts “an expansion of AI themes throughout the remainder of 2024 and into 2025” and notable AI adoption in sectors such as gaming, education, and biotechnology. […]

ai, baidu inc, chinese technology company, profit decline, artificial intelligence

ai, baidu inc, chinese technology company, profit decline, artificial intelligence

Baidu Inc., one of the largest Chinese technology companies, has reportedly experienced a 48% decline in profit, worse than anticipated. According to a Bloomberg report, this decline highlights the rising expenses associated with training and developing artificial intelligence (AI) systems to fend off competitors in the fast-growing AI field.In the last quarter of 2023, Baidu […]

Baidu ends $3.6 billion purchase of JOYY’s China live-streaming unit

Baidu ends $3.6 billion purchase of JOYY’s China live-streaming unit

Baidu affiliate Moon SPV Ltd terminated its share purchase agreement with JOYY because the conditions to close the deal by the end of 2023 were “not fully satisfied”, Baidu said in an exchange filing on Monday. Baidu has ended its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc’s China live-streaming business, the company said in […]

Alibaba, Tencent also among investors in China’s OpenAI rival Zipu

Alibaba, Tencent also among investors in China’s OpenAI rival Zipu

Zipu has raised more than 2.5 billion Chinese yuan ($341 million) this year from backers including tech giants Alibaba and Baidu. Zipu is one of China’s promising start-ups building AI models, and hopes to become the country’s answer to US firm OpenAI. Zipu’s statement about its investors comes at a time when the technology battle […]

China’s Baidu makes AI chatbot Ernie Bot publicly available

China’s Baidu makes AI chatbot Ernie Bot publicly available

HONG KONG (AP) — Chinese search engine and artificial intelligence firm Baidu made its ChatGPT-equivalent language model fully available to the public Thursday, raising the company’s stock price by over 3% following the announcement. Beijing sees artificial intelligence as a key industry to rival the United States and aims to become a global leader by […]

Hedge funds bought these Chinese technology stocks in the second quarter

Recent regulatory filings suggest that large investors took a selective stance towards China-based technology stocks in the second quarter. The bullish trend in technology stocks continued during the second quarter, including a number of China-based technology losses in 2022. Earlier this year, the country fully reopened its borders to foreign tourists for the first time […]