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After markets close on Monday and before they open on Tuesday, Baidu, Dick’s Sporting Goods, Lowe’s, Macy’s and Zoom Video are set to report results.
Baidu announced that its board has approved a share repurchase plan on Wednesday, February 22nd that authorizes the company to repurchase $0.00 in shares.
Source: https://www.dailypolitical.com/2023/05/28/baidu-nasdaqbidu-upgraded-to-buy-at-stocknews-com.html
Baidu CEO Robin Li said Ernie Bot was still not perfected, but the company went ahead with presenting it due to high demand.
Baidu CEO Robin Li, when unveiling Ernie bot last week, said the chatbot was not perfect and called for users to be understanding of its mistakes, adding that the chatbot would improve exponentially with user feedback.
Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT.
Source: https://techcrunch.com/2023/01/31/would-baidus-answer-to-chatgpt-make-a-difference/
Baidu reports that ERNIE-ViLG was on a global set of content, not just China-based information.
Source: https://thediplomat.com/2023/02/chinas-censors-could-shape-the-future-of-ai-generated-content/
Baidu Shares Jump 14% as Users Test ChatGPT-Like Ernie Botasiafinancial.
Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue.
Citigroup raised their price target on shares of Baidu from $176.00 to $191.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd.
Confluence Investment Management LLC bought a new position in Baidu, Inc. () in the first quarter, according to its most recent disclosure with the SEC.
CWM LLC raised its position in shares of Baidu by 5.2% in the 1st quarter.
Ernie，meaning "Enhanced Representation through Knowledge Integration," is a large AI-powered language model introduced in 2019, Baidu said.
Globally, however, Google grabbed 84% of all searches in December, while Baidu managed just 0.67%.
HONG KONG — Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation Thursday that appeared to disappoint investors.
If one excludes the cash received from Baidu, JOYY will be no longer trading at negative enterprise value and its valuations will be much less attractive.
JPMorgan Chase & Co. lowered their price objective on Baidu from $200.00 to $185.00 and set an overweight rating for the company in a research report on Thursday, October 19th.
Source: https://www.etfdailynews.com/2023/11/26/baidu-nasdaqbidu-rating-reiterated-by-benchmark/
Loop Capital boosted their price objective on Baidu from $167.00 to $215.00 and gave the stock a buy rating in a research note on Tuesday, March 28th.
Source: https://www.dailypolitical.com/2023/05/28/baidu-nasdaqbidu-upgraded-to-buy-at-stocknews-com.html
Morgan Stanley cut their target price on Baidu from $140.00 to $120.00 in a research note on Wednesday, November 23rd.
OpenAI, Microsoft and Google are at the forefront of this trend, but IBM, Amazon, Baidu and Tencent are working on similar technologies.
Renaissance Technologies LLC grew its position in shares of Baidu by 5,704.3% during the first quarter.