New York City-based RPD Fund Management reduced its stake in Baidu by nearly 1.3 million shares in the third quarter. The net position reduction equaled about $108 million.
Baidu is exploring a Hong Kong listing for its Kunlunxin AI chip arm, as per a Bloomberg report. The move comes at a time when Beijing is intensifying efforts to reduce its reliance on US hardware, and companies across the sector are trying to strengthen their position in a market reshaped by sanctions.
Kunlunxin, the AI chip unit of Chinese internet search giant Baidu , is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters.
The Magnificent Seven could stay magnificent in 2026, but if you're like many and are a bit nervous about extended valuations and the potential for more scares that interrupt the AI trade at some point, there might be more relative value in the AI names that are outside of the much-followed group. Undoubtedly, if you're an index-heavy investor, you probably have a generous weighting towards the...
Target, Baidu, and Disney are three of my favorite stocks to buy right now. I have added to my Target and Baidu positions recently, and I've owned Disney for almost 40 years.
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON BAIDU, INC. (BIDU), CLICK HERE TO INQUIR...
China's Baidu has begun large-scale layoffs that could reshape its workforce structure, as the company faces intensifying competition in artificial intelligence and shrinking advertising revenue, six people with knowledge of the matter said, Reuters reported.
Baidu is expanding its artificial intelligence chip strategy as China accelerates efforts to reduce its reliance on Nvidia technology. The country's tech giants continue to report strong demand for AI computing, but access to advanced chips has tightened due to export restrictions and global shortages.
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