Tencent's new chief AI scientist, former OpenAI researcher Yao Shunyu, announced ambitions to develop artificial general intelligence (AGI) in China, marking a shift in the US-China technology competition. While US companies have long focused on AGI, Chinese firms have mainly applied AI in practical uses due to US chip restrictions. Yao's goal reflects China's growing efforts to catch up by attracting Silicon Valley talent and investing in foundational AI research. This move contrasts with increasing caution in the US about AI risks, highlighting diverging approaches to AI development between the two countries.
Pomerantz LLP is investigating Baidu for possible securities fraud following a series of negative events impacting its stock price. The investigation stems from Baidu being named by the Pentagon as aiding the Chinese military, causing a stock drop in...
On August 27, 2026, major Chinese internet stocks diverged sharply: Alibaba, PDD Holdings, and JD.com fell between 1% to 4%, while Baidu, focused on AI and cloud services, rose 4%. This split reflects a rotation in investor interest favoring AI expos...
Baidu announced that its voluntary conversion from a secondary to a primary listing on the Hong Kong Stock Exchange will take effect on September 1, 2026. This change makes Baidu a dual-primary listed company on both the Hong Kong Stock Exchange and ...
Baidu has transformed into an AI-driven company, with AI contributing more than half of its total revenue since Q1 2026. Despite this growth, the legacy search business is under threat from AI disruption, and the AI infrastructure segment faces stron...
Baidu held an extraordinary general meeting where shareholders approved the company's voluntary conversion from a secondary to a primary listing on the Hong Kong Stock Exchange. This change will make Baidu a dual-primary listed issuer on both the Hon...
