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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.
On Wednesday, iFlytek—which has its own AI chatbot "Spark"—also slashed prices for its services. Charging just 0.21 yuan ($0.03) for 10,000 of its input tokens, equivalent to generating about ...
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 ...
On Thursday, Baidu — known as the Google of China for its widely used search engine — soared to a fourth-month high after announcing that its ERNIE AI bot would be available free of charge ...
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 ...
The emergence of China-based AI app DeepSeek sent shares plummeting on Monday for many U.S. tech giants, including chipmaker Nvidia and AI-backer Microsoft. Nvidia, which helped catapult market ...
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