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Baidu swings to unexpected quarterly loss as China’s AI race heats up

Cs news7 months ago01 mins

HONG KONG — Baidu Inc. posted another quarterly revenue decline and an unexpected net loss, while its latest AI model failed to impress investors last week, reflecting the struggle of Chinese tech giants to balance investments in AI development with revenue generation. Source link

Tesla debuts in India with Mumbai showroom as EV market heats up

Cs news11 months ago01 mins

MUMBAI — Electric vehicle maker Tesla opened its first showroom in India on Tuesday in a glitzy mall in the financial district of Bandra Kurla Complex in Mumbai, after lengthy negotiations with the government over tariffs and local manufacturing. The company’s bestselling Model Y was made available for order online from Tuesday, with the no-frills rear-wheel drive model…