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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.
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Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users
Chinese internet company Baidu Inc.'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China's most popular ChatGPT-like chatbot, was released to the public in August last year. In December, the company had said that Ernie Bot's users reached over 100 million.
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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.
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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.
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