AI

Baidu shares jump 10% following release of new open-source AI models

Leave a Comment / Business, Science & Tech /

Investors appeared favourable to the release of two new AI models over the weekend, as is clear from the fact that Chinese tech veteran Baidu shares were trading up to 10.7% in Asia on Tuesday. On Sunday, Baidu unveiled the two brand-new AI models: the most recent version of its basic “Ernie” model and a […]

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China’s Alibaba to invest $50bn in AI, cloud computing

Leave a Comment / Science & Tech, World /

Firm says its strategy is aimed at “reinforcing Alibaba’s commitment to long-term technological innovation” Chinese tech giant Alibaba stated Monday it’ll spend more than $50 billion on artificial intelligence and cloud computing over the following 3 years, a week after co-founder Jack Mawas seen meeting President Xi Jinping. Since the beginning of the year, investors

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