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 | 33 일 전

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 | 720 일 전

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 | 811 일 전

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...

RTTNews | 5 시간 15 분 전

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.

RTTNews | 6 시간 21 분 전

CPI Uptick, Fed Hints Boost Dollar Again

The U.S. dollar rallied against major currencies during the week ended November 15 amidst an expected uptick in consumer price inflation in the U.S. as well as hints from Jerome Powell that the Fed was in no hurry to cut rates.

RTTNews | 6 시간 23 분 전

Eurozone Trade Surplus Increases In September

The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.

RTTNews | 6 시간 26 분 전

Nvidia's New Blackwell AI Chip Servers Reportedly Overheat

Nvidia Corp.'s new Blackwell AI chips are facing overheating issues that could delay new data centres, The Information reported citing customers, suppliers and employees working on the issue. In pre-market activity on the Nasdaq, the shares were losing around 2.5 percent. The news comes as the world's most valuable company by market capitalization is set to release its third-quarter earnings...

RTTNews | 6 시간 34 분 전

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