(Bloomberg) China’s domestic AI chipmakers are making fast progress in closing the gap on international leaders, according to SenseTime Group Inc. co-founder Xu Bing.Most Read from BloombergIsraeli Airstrike, Egyptian Guard’s Death Ratchet Up TensionsWall Street Moves to Fastest Settlement of Trades in a CenturyFor Private Credit's Top Talent, $1 Million a Year Is Not EnoughMusk’s xAI Raises $6 Billion in Bid to Challenge OpenAICatering to the Ultra-Rich Is a Booming Business in AustraliaAsia
Asia has a shortage of computation power for artificial intelligence, lagging significantly behind the US, but China has the talent and data to make up lost ground, Xu said in an interview at the UBS Asian Investment Conference in Hong Kong.
Baidu (NASDAQ:BIDU – Free Report) had its price target cut by Susquehanna from $150.00 to $135.00 in a research note released on Friday morning, Benzinga reports. They currently have a positive rating on the information services provider’s stock. Other equities analysts also recently issued research reports about the stock. Macquarie downgraded shares of Baidu from […]
China chipmakers catching up fast in AI, SenseTime s Xu says | Jane Zhang & David Ingles / Bloomberg businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
Baidu notches seven-day losing streak (NASDAQ:BIDU) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.