China’s Artificial Intelligence Giant Reports Big News: Apple Eyes Baidu AI Technology
In a groundbreaking move, US media announced on the evening of the 22nd that Apple is seeking local generative AI providers in China. The global mobile phone giant has engaged in preliminary discussions with Baidu to potentially use Baidu’s generative AI technology in Chinese devices.
Following the news, Baidu’s stock price surged by more than 6% before the US stock market opened. Although the stock price retraced slightly when the market opened, it still closed up by 0.47%. This collaboration between Apple and Baidu marks a significant development in the field of artificial intelligence.
In addition to the partnership with Apple, Baidu has also announced plans to upgrade its Wenxin Yiyan platform next month. The new version will include long text capabilities, expanding the text range from 2 million to 5 million words. This upgrade comes as part of Baidu’s ongoing efforts to enhance its AI technologies and services.
Baidu’s strong performance in the AI sector was further highlighted in its recent financial reports for 2023. The company reported a total revenue of 134.598 billion yuan, with a net profit of 28.7 billion yuan, exceeding market expectations. AI has emerged as a key growth driver for Baidu, with significant revenue and profit growth attributed to its AI-enabled business.
Baidu’s CEO, Robin Li, emphasized the company’s commitment to investing in generative AI and basic models to create new growth engines. The success of Baidu’s AI initiatives has garnered attention from analysts and investors, with brokerage firms expressing optimism about the company’s future prospects.
Meanwhile, in the AI industry, the Kimi large model developed by domestic company Moonshot AI has also gained popularity. The breakthrough in long context window technology has sparked a surge in related concept stocks, with Kimi concept stocks rising sharply in recent trading sessions.
The increasing adoption of large AI models like Kimi highlights the growing importance of AI technologies in various industries. With continuous investment in AI computing power and application innovation, companies are poised to unlock new opportunities and drive further advancements in the AI sector.
As Apple’s collaboration with Baidu and the success of Baidu’s AI initiatives demonstrate, the future of AI technology holds immense potential for innovation and growth. Stay tuned for more exciting developments in the world of artificial intelligence.