Baidu is a leading Chinese technology company specializing in internet-related services and artificial intelligence. The company's primary offering is its search engine, which serves as a gateway for users to access a wide range of information online. In addition to search, Baidu is heavily involved in the development of AI technologies, powering various applications such as cloud services, autonomous driving, and smart home devices. The company also invests in digital marketing solutions, providing businesses with tools to reach their customers effectively through targeted advertising. With a commitment to innovation, Baidu plays a significant role in shaping the digital landscape in China and beyond.
Will AI model builders OpenAI and Anthropic ever rank among the best AI stocks? Going public may be a challenge as they battle tech incumbents like Google and Meta.
ByteDance, TikTok's parent company, has emerged as Nvidia's largest chip buyer in Asia, surpassing Alibaba and Baidu, as it aggressively invests in AI infrastructure and talent to dominate China's generative AI market amidst U.S. restrictions and a potential TikTok ban.
US-listed Chinese stocks are trading higher ahead of China's key policy meeting in the upcoming week, as investors anticipate more stimulus measures to drive the economy and beat potential US tariffs. BABA, JD, BIDU, NIO, LI, and XPEV all saw gains.
Uber and WeRide launch autonomous mobility service in Abu Dhabi. AVs now available on Uber platform in UAE, with plans for full driverless service in 2025.Uber and WeRide team up to offer AV rides in Abu Dhabi, marking the first time autonomous vehicles are available on Uber outside the US.
In the U.S., equities have staged a solid rally this month with most of the move occurring after the election. Elsewhere in the world, equities haven't exactly shared in the gains.
Baidu reported Q3 revenue of $4.78B, down 3% YoY but beating estimates. Earnings per ADS of $2.37 also beat estimates. Stock price declined after report.
Although Burry is best-known for making wagers on securities moving lower, he purchased a trio of historically cheap, cash-rich stocks during the September-ended quarter.
