Money

Baidu to launch ChatGPT rival Ernie Bot

Published

1 year 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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending