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The company's Ernie bot is based off its AI-driven deep learning model, Ernie - short for "Enhanced Representation through Knowledge Integration"
According to experts, censors on chatbots could strengthen ideological control and further separate China digitally from the rest of the world
ChatGPT Effect: Microsoft, Google, Baidu, Alibaba ready their own chatbot services
AI has found its way into a number of industries, from transportation to health. Now it is being integrated with search engines
Total revenue shrank by 5% to 29.65 billion yuan ($4.43 billion) in the second quarter, compared with analysts' average estimate of 29.30 billion yuan, according to Refinitiv data
Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions
China's regulatory onslaught leads to slowdown in the hub's market
This follows Beijing's move to rein in gaming-related businesses and corporate expansion via deals, they said.
China's internet watchdog said on Friday that companies including ByteDance, Baidu and Kuaishou had improperly collected user data.
Baidu, also known as China's Google, said total revenue rose to 28.13 billion yuan ($4.38 billion) in the first quarter ended March 31
Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said
ViacomCBS, Baidu and VIPShop fell between 0.2% and 1.5%
HONG KONG (Reuters) - Baidu Inc shares have closed flat in their Hong Kong secondary listing debut on Tuesday, bucking a trend of first-day pops on the bourse, as investors were wary of a fundraising flurry in the city and questioned the search company's growth plans.
The deal showed that the desire of Hong Kong's retail investors to buy into new stock market transactions shows no signs of slowing.
Chinese internet search giant Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing, according to sources with direct knowledge of the matter
The final price for Baidu's shares will be set on March 17
Baidu Inc will launch its Hong Kong secondary listing on Friday and will sell around 4% of its shares, which at current price will raise at least $3 billion, two sources said
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban
China's search engine giant Baidu said it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV)
The measure, which could affect corporate giants like Alibaba Group Holding Ltd. and Baidu Inc., serves as another parting shot at Beijing before Trump leaves office in January