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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.
China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition. ... slashing prices to gain market share as China's ...
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 ...
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.
MARKET REACTION: - Nasdaq <.IXIC> down 3.1% after the open, S&P 500 fell 1.85% ... for that AI dominance and AI growth. "The share price move today is a reflection of very high expectations built ...
Why DeepSeek is excellent news for the U.S. stock market. ... If all this is true, the CHIPS Act, which was designed to slow China in the AI race, may turn out to be one of the worst backfires in ...
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 ...