Baidu shares surge as the company secures major AI partnership, fresh capital
Baidu launched a series of AI applications after Ernie Chatbot received public approval.
Stick images | LightoKet | Getty Images
Chinese technology giant Baidu Hong Kong raised his shares up to 12% on Wednesday and the company increased artificial intelligence plans and partnerships.
Beijing -based company shares, which have a dominant position in China’s search engine market, won 9% overnight in the US trade.
Strong stock performance comes after Baidu made an agreement with the Chinese trader group, a large state business focusing on transport, finance and property development at the beginning of this week.
According to Baidu’s statement translated by CNBC, “Both sides plan to focus on the practices of large language models, AI agents and ‘digital employees’, and promises to be scalable and sustainable progress in industrial intelligence based on real life business scenarios.”
Baidu continues its AI business in a popular large language model and AI chat boot Ernie Bot in an aggressive way.
Company on Tuesday described While trying to compete in the competitive AI in China, it offers an open sea bond for 4.4 billion Yuan ($ 56.2 million) due to 2029 with a movement that would help to grow the war chest.
Like other Chinese AI players Coil Since they have poured billions of AI capabilities, collecting funds, including debt sales this year.
