News
The luxury conglomerate has also debuted its internal ChatGPT spinoff exclusively for employees.
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Baidu News
Baidu is Chinese company that specializes in web services. The main service of Baidu is their search engine, which bears the same name and is currently the leader among Chinese search engines. The Baidu search engine covers about 1.5 percent of all markets of search engines’ services. The company was founded by Robin Li, who is the chairman and CEO, and Eric Xu and is headquartered in Beijing, China. Currently, Baidu has over two billion active users worldwide. Baidu’s advertising system is quite similar to that of Google Adwords or Adsense, although it has its own special features. In 2013, it was announced that Baidu began cooperation with Bitcoin. However, Chinese authorities prohibited any means of using cryptocurrency within Chinese territory. Nevertheless, this mandate didn’t stop Baidu from investing in prospective international projects related to the crypto sphere.
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AGI could potentially solve some of humanity’s most pressing concerns down the line, according to Baidu’s co-founder.
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Tencent released its own ChatGPT competitor back in 2023. Now, China’s top firm is betting on AI in 2024.
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Any company with a public-facing generative AI service could theoretically find themselves in the same crosshairs.
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The U.S. imposed export restrictions on high-level AI chips to China in October 2022, but Chinese companies are finding new ways to develop the technology.
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The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images and video.
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The CEO of Chinese tech-giant Baidu said that, since China’s new AI regulations have been in place, over 70 AI models have been released in China with over 1 billion parameters.
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Multiple Chinese tech companies launched their own ChatGPT-like AI chatbots for mass market use two weeks after China’s AI regulations came into force, which requires prior government approval.
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Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said.
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Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms.
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China’s cyberspace commission has issued approvals for 224 blockchain projects, including ventures from the country’s major tech companies.
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A Baidu senior engineer has been jailed for three years for mining $14,000 worth of Monero on company servers.
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China’s Bitcoin trading volumes have continued to drop, hitting a two-year low on peer-to-peer exchange LocalBitcoins.
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The Chinese e-commerce giant JD.com has reportedly applied for over 200 patents.
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China’s cyberspace administration has released its first list of registered blockchain service providers.
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