Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users

Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO

Horizon Robotics, a Chinese developer of artificial intelligence chips used in autonomous driving systems, is seeking to raise as much as HK$5.4 billion or around $696 million in its Hong Kong initial public offering. According to its listing document, Chinese majors Alibaba Group Holding Ltd. and Baidu Inc. are investing in the IPO of the firm, which is backed by tech major Intel Corp.

RTTNews | vor 9Std 47 Minuten

Baidu To Expand Fully Driverless Ride-Hailing Service Area

Chinese Internet company Baidu.com Inc. said it plans to build the world's largest autonomous ride-hailing service area in 2023, maintaining its growth momentum. The company, which offers autonomous ride-hailing platform Apollo Go, outlined its plans during its autonomous driving tech event, Apollo Day. Further, a series of new autonomous driving technology breakthroughs were revealed.

RTTNews | vor 687 Tagen

Baidu Swings To Profit In Q2, But Revenue Down 5%

Chinese Internet company Baidu.com reported Tuesday a profit for the second quarter compared to a loss last year, which was weighed down by a hefty fair value loss from long-term investments. The company said it continued to optimize costs and enhance operational efficiency.

RTTNews | vor 778 Tagen

U.S. Import Prices Decrease 0.4% In September, In Line With Estimates

Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September. The Labor Department said import prices fell by 0.4 percent in September after slipping by a revised 0.2 percent in August. The decline matched economist estimates.

RTTNews | vor 4Std 46 Minuten

Walgreens To Close 1,200 US Stores

Walgreens announced its plan to close around 1,200 U.S stores over the next three years, including around 500 closures in fiscal 2025, as the drug store chain is facing a challenging U.S. retail environment amid increasing competition. The move, which was announced while reporting a significantly wider net loss in its fourth quarter, is expected to be immediately accretive to adjusted earnings...

RTTNews | vor 5Std 27 Minuten

U.S. Import Prices Decrease In Line With Estimates In September

Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September.

RTTNews | vor 5Std 45 Minuten

Bank Of Thailand Trims Rate Unexpectedly

The Bank of Thailand unexpectedly lowered its policy interest rate for the first time in more than four years, as inflation is projected to return towards the target range by the end of this year. The Monetary Policy Committee voted 5-2 to cut the policy rate by 25 basis points to 2.25 percent. Two committee members sought to maintain the rate at 2.50 percent.

RTTNews | vor 5Std 54 Minuten

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning, tracking commodity prices. The focus will also be on some key earnings updates from major U.S. companies. Optimism about more interest rate cuts by central banks, including the Federal Reserve and the Bank of Canada may help underpin sentiment.

RTTNews | vor 6Std 3 Minuten

EURUSD	1.08792	GBPUSD	1.30119	AUDUSD	0.66691
USDJPY	149.598	USDCAD	1.37774	USDCHF	0.86467