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All articles tagged with #baidu

Tepper Cuts 12 Stocks in Q2, Bets Big on Baidu and Micron
business8 days ago

Tepper Cuts 12 Stocks in Q2, Bets Big on Baidu and Micron

David Tepper’s Appaloosa Management completely exited 12 positions in its Q2 2026 13F, including SanDisk, Corning, PDD Holdings, JD.com, L3Harris, and RTX, while trimming Micron but keeping a large stake and adding to Baidu. He also exited his China baskets and defense stocks, signaling a shift toward concentrated, conviction names amid a mixed read on the quarter’s performance. It’s important to remember 13F data reflects positions at a point in time and not current holdings or guarantees of future moves.

via 24/7 Wall St.|
#13f#appaloosa-management#baidu
Uber bets on monetizing robotaxis with new Autonomous Solutions unit
technology6 months ago

Uber bets on monetizing robotaxis with new Autonomous Solutions unit

Uber launches the Uber Autonomous Solutions unit to commercialise autonomous-vehicle tech by offering insurance, roadside assistance, AV mission-control software and fleet financing to robotaxi partners, while providing mapping/data services and pursuing partnerships with Waymo, Baidu and Waabi, with plans to deploy AVs in 15 cities by 2026 and lift investor confidence in commercialization.

via Financial Times|
#autonomous-vehicles#baidu#robotaxi
Baidu’s Kunlunxin Files for Hong Kong IPO Amid AI Chip Boom
business7 months ago

Baidu’s Kunlunxin Files for Hong Kong IPO Amid AI Chip Boom

Baidu plans to spin off its AI chip subsidiary Kunlunxin and list it in Hong Kong to boost its standalone potential and attract sector-specific investors amid China's push for semiconductor self-sufficiency and the AI chip boom. The move, still pending regulatory approval, reflects China's efforts to develop domestic chipmakers and reduce reliance on US technology, with Kunlunxin expanding its sales and market presence as a key player in China's AI hardware ecosystem.

via CNBC|
#ai-chips#baidu#business
Uber and Lyft to Launch Baidu-Backed Robotaxis in London by 2026
technology8 months ago

Uber and Lyft to Launch Baidu-Backed Robotaxis in London by 2026

Chinese self-driving technology company Baidu is set to deploy robotaxis in London next year through partnerships with Lyft and Uber, marking a significant step in autonomous vehicle deployment in the UK, amid security concerns over Chinese technology dominance and data security. Lyft plans to test Baidu's Apollo Go cars in 2026, while Uber also announced plans to use Baidu's vehicles in London, as the UK government pushes to become a leader in driverless tech.

via The Guardian|
#baidu#london#lyft
Uber and Lyft to Launch Baidu-Backed Robotaxis in London
technology8 months ago

Uber and Lyft to Launch Baidu-Backed Robotaxis in London

Uber and Lyft are partnering with China's Baidu to trial autonomous robotaxis in London starting in 2026, aiming to obtain regulatory approval. While Baidu's Apollo Go service is already operational in China, UK regulators and the public remain cautious about safety and trust issues related to driverless vehicles. The initiative aims to position the UK as a leader in future mobility, but safety concerns and regulatory hurdles need to be addressed before widespread deployment.

via BBC|
#baidu#lyft#robotaxis
Baidu's Revenue Decline Surpasses Expectations Amid AI and Ad Challenges
business1 year ago

Baidu's Revenue Decline Surpasses Expectations Amid AI and Ad Challenges

Baidu reported a 3% drop in third-quarter revenue to $4.78 billion, surpassing market expectations due to growth in its AI cloud business, which offset declines in online marketing. Net income rose 14% to $1.09 billion. The company highlighted the success of its Ernie AI model and chatbot, which now has 430 million users. Baidu also announced the upcoming release of its Xiaodu AI Glasses, a competitor to Meta's Ray-Ban smart glasses. Despite a 4% drop in U.S.-traded shares, Baidu remains committed to its AI-focused strategy.

via CNBC|
#ai#baidu#business