CLN KraneShares Baidu Q4 Earnings Overview Baidu reported Q4 2024 financial results after the close in Hong Kong and before US markets opened this morning. Expectations going into the release were muted, especially following Founder and CEO Robin Li’s absence from President Xi’s historic private economy symposium attended by internet and technology entrepreneurs. In Li’s…
WMDoll, one of China’s biggest sex doll makers, expects to record a 30 per cent jump in sales this year, as the company’s adoption of open-source generative artificial intelligence (AI) models helped improve the user experience of its products. Feedback received by WMDoll has been generally good after integrating large language models (LLMs) – the…
Apple launched Apple Intelligence features with the iPhone 16 series last year. In the US and (almost) everywhere else in the world, Apple’s iPhone AI features run on a combination of Apple’s own proprietary tech and OpenAI’s ChatGPT. In China, however, ChatGPT is banned for users and developers, so Apple needed to find another way…
DeepSeek is generating unprecedented momentum for China’s efforts to reduce its reliance on the ecosystem of Nvidia, as domestic chip developers rush to tailor their products for the artificial intelligence (AI) start-up’s low-cost, high-performance models, according to corporate statements and local media reports. For years, China’s domestic chip developers have viewed Nvidia with admiration, as…
DeepSeek’s founder Liang Wenfeng skipped the two-day Artificial Intelligence Action Summit in Paris despite being invited to attend, as top Chinese experts in the field trumpeted the country’s role in the global AI industry. China’s AI progress, as demonstrated by advances such as DeepSeek’s open-source models, contributed to the global technology community and drove wider…
DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD U.S.-listed Chinese stocks Alibaba Group Holding (NASDAQ:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE: XPEV) gave up their gains Tuesday after the Trump administration decided to delay the suspension of duty-free entry for packages valued under $800. The…
China’s venture capital (VC) firms have been sidelined in the frenzy surrounding DeepSeek, with none of them known to have invested in the open-source large AI model developer. Baidu Venture, an independent AI-focused investment arm initiated by its namesake Chinese internet giant, did not invest in DeepSeek even though the venture company sits just one…
China’s three major telecoms operators have rushed to integrate DeepSeek’s artificial intelligence (AI) models into their services, as firms across the country jump on the bandwagon of the country’s hottest tech start-up. In a bid to “promote the universal application of latest AI technologies”, China Mobile, China Telecom and China Unicom have integrated DeepSeek’s models…
Recent developments highlight how Chinese companies, including DeepSeek and ByteDance, are advancing rapidly in artificial intelligence (AI), building competitive alternatives to OpenAI’s ChatGPT. These efforts are moving beyond chatbots to make innovative applications for businesses and consumers. The adoption of generative AI among Chinese businesses is growing, with over 10% now using the technology, up…
Vehicle production has long been a symbol of national technological prowess and the manufacturing capability of countries such as the United States, Japan and Germany in the 20th century. As a result, China’s rapid global expansion in electric vehicles (EVs) in recent years has been a hot topic. While the winner of the EV competition…