Baidu

The Chinese tech giant, Baidu (BIDU) has a fleet of 500 driverless taxis already in the city of Wuhan, and the company has announced that it would want to expand that to 1000 fully driverless robotaxis by the end of this year.

Baidu's shares plummeted 11.5% in Hong Kong as reports surfaced linking its AI model, Ernie, to PLA experiments. The potential US sanctions, economic challenges, and slow AI market growth add complexity to Baidu's outlook, triggering investor concerns.

Baidu's Ernie Bot reaches 100 million users, showcasing significant advancements in AI technology and market penetration in China.