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Tag Archives: baidu

Chinese AI Startup Zhipu Secures $342M in Funding from Alibaba, Tencent

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

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Baidu Claims Its Latest Ernie AI Model Is ‘On Par’ with GPT-4

The tech giant also announced that the latest version of ERNIE has been integrated into its suite of services. Chinese technology company Baidu has unveiled the latest version of its generative artificial intelligence (AI) model ERNIE 4.0. The company claims that ERNIE 4.0’s capabilities now match those of OpenAI’s GTP-4 model. The upgrade was announced on Tuesday by Baidu Co-Founder and  CEO Robin Li Yanhong at the Baidu World 2023 conference in Beijing. Li’s presentation highlighted the...

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Baidu and Qualcomm Join Forces to Shape Metaverse Future

Qualcomm Global Senior Vice President Cheng Lixin expressed optimism about the partnership, emphasizing its potential to accelerate the development of China’s metaverse.  Chinese tech giant Baidu Inc (HKG: 9888) has announced a strategic partnership with Qualcomm Inc’s (NASDAQ: QCOM) local unit. This collaboration promises to propel the development of Extended Reality (XR) and Generative Artificial Intelligence (AI) to new heights. The partnership, revealed via a compelling social media...

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Baidu Unveils AI Applications after Securing Public Approval for Its ChatGPT Rival

Baidu launched its AI applications using Ernie large language model. The AI assistant can search documents, summarize and translate text, and create content. On Tuesday, September 5, Chinese tech giant Baidu unveiled more than 10 AI-based applications after its ChatGPT-rival Ernie bot got a nod for public use. During the product presentations, one noteworthy reveal was the introduction of WPS AI, a word-processing application integrated with generative AI. Kingsoft Office, a company listed...

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Baidu’s Ernie AI Chatbot Ranks First on Apple’s App Store in China

Ernie’s release follows the new regulation in the AI industry introduced by the Chinese government. Notably, Baidu became the first company to get an approval from the authorities.  On March 16, Chinese internet search services giant Baidu Inc (HKG: 9888) revealed its Chinese-language ChatGPT alternative – Ernie chatbot. At that time, the chatbot was not fully ready, therefore, it was available to a limited number of users, mostly business partners and those who were the first on the...

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Baidu Records 15% Growth in Q2 2023 Revenue, CEO Attributes Increase to Advertising

CoinspeakerBaidu Records 15% Growth in Q2 2023 Revenue, CEO Attributes Increase to Advertising The CEO of Baidu disclosed that the company saw accelerated revenue and profit growth in the Q2 of 2023 due to the good performance of the online marketing business and operating leverage. Baidu Records 15% Growth in Q2 2023 Revenue, CEO Attributes Increase to Advertising

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Baidu Says Ernie 3.5 Outdid ChatGPT and GPT-4 in Key Metrics

The result of the AGIEval and C-Eval tests shows that Ernie 3.5 achieved higher scores than other large models, including ChatGPT, and surpassed GPT-4. Competition in the AI market heats up as China’s Baidu said its AI model Ernie 3.5 beats the popular OpenAI’s ChatGPT AND GPT-4 on key tests. The Chinese internet company unveiled the Ernie bot at an event in March. At the time of the announcement, CEO Robin Li said that the new product was imperfect and would continue to improve as people...

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Alibaba Rolls Out Its AI ChatGPT Rival Tongyi Qianwen for Public Testing

Public testing of Alibaba’s Tongyi Qianwen is now underway in China as the company hopes to finetune the AI and fully release it later. Alibaba has started rolling out Tongyi Qianwen, an artificial intelligence model application that will rival OpenAI’s ChatGPT. Tongyi Qianwen is a large language model (LLM) Alibaba intends to integrate with a digital assistant named Tongyi Tingwu. According to Alibaba, Tongyi Tingwu is an AI assistant offering users a wide range of services, including...

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Baidu Launches $145 Million VC Fund to Back AI Startups

Chinese multinational tech company Baidu is launching a well-heeled fund to support AI development and growth.  Baidu (NASDAQ: BIDU) appears set to launch a 1-billion yuan ($145 million) venture capital artificial intelligence (AI) fund to support AI startups. Today, the Chinese tech giant announced its AI fund intentions alongside other related initiatives. In addition to supporting platforms focused on artificial intelligence-generated content, Baidu also plans to launch a contest...

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Baidu Stock Jumps 2% after Better-than-Expected Revenue News

Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan...

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