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Baidu's self-driving project swerves to profit-chasing after burning cash for years

The internet giant’s Intelligent Driving Group will strive for ‘100 million yuan of revenue and 100 million yuan of profits’, unit head Wang Yunpeng writes in a letter to employees.

Shenzhen
Guangdong
China
Wuhan
Hubei
Beijing
Robin-li-yanhong
Li-zhenyu
Xinhua
Ernie-bot
Microsoft-backed-open
Intelligent-driving-group

AI helps boost Baidu's bottom line

Staff reporter and Reuters Baidu s (9888) full-year net income soared 169 percent yearly to 20 billion yuan from a low base in 2022. Total r.

China
Robin-li-yanhong
Reuters
Ernie-bot

China approves 14 large language models and enterprise applications, as Beijing favours wider AI adoption across industries

The new batch includes a number of industry-specific LLMs, compared with the general AI models from previous approvals, reflecting how the technology is being used to boost efficiency in enterprises.

Xinyi
Anhui
China
Chinese
Moxiaoxian-llms
Zhou-bowen
Ireader-technology
Start-up-frontis
Xinyi-tech
Beijing-zhidemai-tech
Large-language-models

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