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BIDU News8 articles
Baidu's AI Chip Arm Kunlunxin Pursues Dual Listing in Shanghai and Hong Kong
Kunlunxin, Baidu's AI chip unit, has initiated a Shanghai STAR Market IPO process while maintaining its Hong Kong listing plans, boosting Baidu shares by 5.75%.
Uber Bets $10 Billion on Robotaxi Expansion, Pivots from Asset-Light Model
Uber is investing more than $10 billion to deploy autonomous ride-hailing services, shifting from its traditional asset-light approach. The company plans to launch robotaxis in at least 28 cities by 2028 through partnerships with Baidu, Rivian, and Lucid.
Cocoa, Coffee, and Sugar Rally Amid Supply Shocks and Dollar Weakness
Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.
Foxconn's AI-Driven Revenue Surge Signals Robust Demand for Nvidia Servers
Foxconn's first-quarter revenue surged 29.7% year-over-year, highlighting strong AI server demand for key client Nvidia. Nvidia projects $78 billion in Q1 revenue, excluding China data-center sales, as competition intensifies.
Nvidia Dips 3% as Macro Fears Overshadow Major Amazon AI Chip Order
Nvidia shares declined 3.1% on Friday, closing at $172.70, as broader market anxieties offset news of a significant AI chip agreement with Amazon. The company's market capitalization settled near $4.53 trillion.
Nvidia's Networking Unit Surges, Fueling $1 Trillion AI Ambition
Nvidia's networking division generated $11 billion last quarter, more than triple the prior year, as the company reported record total revenue of $68.1 billion. CEO Jensen Huang outlined a $1 trillion revenue target for its AI chips by 2027.
Uber shares slip after hours amid Lyft selloff, Dubai robotaxi deal with Baidu
Uber Technologies stock declined over 3% in extended trading, pressured by a sharp drop in rival Lyft and news of a $335 million acquisition of Getir's Turkey food delivery business.
Uber shares dip on Dubai robotaxi launch and $335M Getir acquisition
Uber stock edged lower as the company announced plans to deploy Baidu's autonomous vehicles in Dubai and finalized a major acquisition of Getir's food delivery business in Turkey.