Money

Baidu to launch ChatGPT rival Ernie Bot

Published

2 years ago

February 23, 2023

ticker NEWS

Chinese tech giant Baidu beat forecasts in the fourth quarter

Revenue hit $4.8 billion, just exceeding analyst forecasts.

The search engine operator is seeing advertisers return as China lifts health-crisis restrictions.

Chief Executive Robin Li said 2022 had been tough.

But he said this year offered a clear path towards speeding up growth again.

The company’s research and development expenses ate up almost a fifth of its revenue last year.

And a lot of that is going on a high-profile new project.

Amid global interest in the ChatGPT chatbot backed by Microsoft, Baidu has its own rival in the works.

Dubbed Ernie Bot, it’s expected to complete testing in March, and is seen by many as the country’s leading rival to the U.S. product.

Li says the market for such artificial intelligence systems is on the verge of exploding.

He says Ernie will first be embedded in Baidu’s search engine, saying its Chinese-language abilities are far superior to products developed overseas.

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

8 hours ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

11 hours ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending

Leaders

Trump promises to slap unprecedented tariffs on foreign allies

Published

13 hours ago

September 9, 2024

ticker NEWS

Former President Donald Trump has promised to slap unprecedented Tariffs on foreign allies, including the European Union, if he wins the 2024 presidential election.

Trump pledged to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S.

While he had already said he wanted to cut the corporate tax rate to 15%, he had not previously tied that lower rate to keeping manufacturing inside the country. #featured #trending