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According to the 2024 report from the International Data Corporation (IDC), Baidu AI Cloud holds China's largest LLM market share with 19.9 percent and US$49 million in revenue over the last year. This was followed by SenseTime, with 16 percent market share, and by Zhipu AI, as the third largest.
Trading turnover in the AI value chain now accounts for over 50% of mainland China's A-share market, even though the stocks account for just 15% of the market's capitalization, Sun wrote.
For Alibaba, the partnership is a major win in China's competitive AI market that is home to DeepSeek, which made headlines this year with models developed at a fraction of the cost of Western ...
Developed by ByteDance, a latecomer to the large language model (LLM) market, the namesake chatbot is the most popular consumer AI app in China. China's AI firms take spotlight with deals, low ...
Keen to increase market share, Baidu also announced on Thursday that it would make its AI chatbot Ernie Bot free starting April 1, about a year and a half after introducing premium versions.
AI has fueled Nvidia's extraordinary rise to a $3 trillion market valuation. But on Monday, AI was the cause of a panic among Nvidia investors, sending its shares down almost 17% and wiping out ...
The Cupertino, California, company earned $36.3 billion, or $2.40 per share, a 7% increase from the previous year. Revenue edged up from the previous year by 4% to $124.3 billion. Those numbers included iPhone revenue of $69.1 billion. In China, Apple’s total revenue registered $18.5 billion, an 11% decrease from the previous year.
Alibaba's US-listed stock surged as much as 11% premarket Thursday after the Chinese tech giant reported quarterly earnings ahead of Wall Street’s expectations and highlighted an aggressive push ...