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China's Baidu soars 16% to hit 2-year highs amid positive signs for its AI business

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Chinese tech giant Baidu saw its shares in Hong Kong soar nearly 16% on Wednesday as it increasingly focuses on its artificial intelligence-related business that has also led to a ratings upgrade. Shares in the Beijing-based firm, which holds a dominant position in China's search engine market, had gained nearly 8% overnight in U.S. trading. The strong stock performance came after equity research fi

China's Baidu sees shares soar 12% as company secures major AI partnership, eyes fresh capital

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Chinese tech giant Baidu saw its shares in Hong Kong soar as much as 12% on Wednesday as the company ramps up its artificial intelligence plans and partnerships. Shares in the Beijing-based firm, which holds a dominant position in China's search engine market, had gained 9% overnight in U.S. trading. The strong stock performance comes after Baidu earlier this week secured an AI-related deal with Chi

Lyft and Baidu plan to bring their robotaxis to the UK and Germany next year

Lyft and Baidu have shed more light on their plan for a worldwide fleet of autonomous vehicles . After the first rollouts — which are earmarked for Asia and the Middle East later this year — the companies have their designs set on Europe. They're aiming to deploy robotaxis in the UK and Germany in 2026, as long as they get approval from regulators. The goal is to then expand the European fleet to thousands of vehicles across the continent in the following years. Baidu is using its sixth-generat

Baidu plans to expand its robotaxis to Europe with Lyft deal

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft , as the Chinese tech giant looks to expand its autonomous vehicles globally. The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have "thousands" of vehicles across Europe in the "following years," the two companies said. Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company

Uber and Baidu are teaming up to deploy thousands of autonomous vehicles globally

This will be happening in China and other "markets outside of the US." Uber and China-based Baidu are teaming up to deploy more autonomous vehicles throughout the world. The companies plan on bringing thousands of Baidu's Apollo Go vehicles to various regions that will be accessible via the Uber platform, including mainland China and other "global markets outside of the US." The first joint deployments are expected in Asia and the Middle East later this year. Once launched, Uber riders could b

Uber’s latest robotaxi partner is China’s Baidu

Uber has struck another deal with a robotaxi provider, and this time it’s with Chinese tech giant Baidu. The two companies announced Tuesday that they have agreed to a “multi-year strategic partnership to deploy thousands of Baidu’s Apollo Go autonomous vehicles (AVs) on the Uber platform” in multiple markets outside the U.S. and mainland China. Those deployments will start in Asia and the Middle East later this year, the companies said. Uber has been on a tear of AV partnerships lately as it

China's Baidu to bring its driverless cars to Uber globally

A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022. Baidu has struck a partnership with Uber to deploy its autonomous cars on the ride-hailing giant's platform outside the U.S. and mainland China. The first deployments are expected to happen in Asia and the Middle East later this year. The two companies said the multi-year partnership will see "thousands" of Baidu's Apollo Go autonomous vehicles on Uber globally.

Like Google, China's biggest search player Baidu is beefing up its product with AI to fight rivals

In this article BIDU Follow your favorite stocks CREATE FREE ACCOUNT Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background. Future Publishing | Future Publishing | Getty Images Chinese tech giant Baidu has bolstered its core search platform with artificial intelligence in the biggest overhaul of the product in 10 years. Analysts told CNBC the move was a bid to keep ahead of fast-moving rivals like DeepSeek, rather than traditional search play