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Xiaomi targets 20 million premium users for its new electric vehicle, says president

IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

A view of iQiyi’s website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is “excited” about potential new business opportunities with the emergence of OpenAI’s text-to-video tool Sora. Speaking exclusively to CNBC...

Microsoft's relationship with OpenAI is 'absolutely critical': RBC Capital Markets

Chinese tech giant reports revenue beat

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2%...

China is taking an incremental approach to fiscal stimulus, says KraneShares' Brendan Ahern

Baidu earnings report 2Q 2023

A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech company Baidu on Tuesday reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising. This was the fastest quarterly year-on-year growth pace...

Japan has 'one of the best' macro stories, says investment management firm

Why Japan is lagging behind in generative AI and creation of LLMs

Japan is known for its futuristic technology. But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Mr.cole_photographer | Moment | Getty Images Countries are racing to develop their own generative artificial intelligence algorithms, but high tech Japan is already behind. Generative AI has...