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Baidu’s $145M AI fund signals China’s push for AI self-reliance

The U.S.-China decoupling is giving rise to a divided tech landscape between the two major economies, shaping the development of the red-hot area of generative AI, which turns text into various forms

As part of AI push, Chinese tech giant Baidu is now rolling out an AI venture fund

Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to back startups focused on cont

Self-driving cars are taking ages to become a reality, but they won’t take forever

My dream of never having to drive again is far from dead. I just need to add five or 10 years to my prior timelines.

China’s ChatGPT rival Baidu Ernie is off to a rough start

Following on the heels of GPT-4’s buzzy debut and the announcement of Microsoft 365’s AI makeover, Baidu, China’s search engine giant, introduced its Ernie Bot. Since ChatGPT blew th

Baidu to deploy conversational AI across search, in-car entertainment and more

Baidu today revealed more details about its much-anticipated intelligent Ernie Bot, widely seen as the search giant’s counterpart to ChatGPT. Ernie Bot is built atop Baidu’s large language

Amid ChatGPT frenzy, a hundred followers bloom in China

Technological breakthroughs in the U.S. never fail to inspire challengers, followers and opportunists in China. It’s ChatGPT’s turn to capture the imagination of the world’s largest

Would Baidu’s answer to ChatGPT make a difference?

Baidu, China’s top search engine provider and robotaxi developer, is apparently working on its own counterpart to ChatGPT. The news, first reported by Bloomberg and The Wall Street Journal, sent

How China is building a parallel generative AI universe

The gigantic technological leap that machine learning models have shown in the last few months is getting everyone excited about the future of AI — but also nervous about its uncomfortable conse

Baidu starts offering nighttime driverless taxis in China

Baidu, the Chinese internet giant that became known for its search engines, is making some big strides in autonomous driving. Starting this week, the public can ride its robotaxis in Wuhan between 7 a

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

TikTok parent ByteDance just bought a hospital group in China

TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. T

How to lose money, SoftBank edition

Alex and Grace are back to cover the biggest and most interesting technology, startup and market news. This morning was a fun mix of stuff that we don’t always get to, so strap in for the foll

Baidu to operate fully driverless commercial robotaxi in Wuhan and Chongqing

Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-h

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand global

Daily Crunch: Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform

Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline shenanigans for a bit.

Real driverless cars are now legal in Shenzhen, China’s tech hub

There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles that tech

Baidu reveals the next-gen robotaxi that will be deployed throughout China

Baidu, the Chinese search engine giant that has plowed money into AI and autonomous vehicle technology, unveiled Wednesday a new all-electric robotaxi that it plans to deploy at scale across China. Ba

China’s $1B fine on Didi could end the mobility giant’s troubled year

Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Jour

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th

China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa
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