Baidu Group-SW (9888.HK): Ample cash reserves support the long journey of AI transformation.

Initiating coverage of Baidu's Hong Kong stocks with a "Buy" recommendation. As the leader in domestic Search Engine, Baidu has accumulated rich data, providing a foundation for actively capturing industrial opportunities brought about by the application of AI large models. We believe that its opportunities lie in manufacturing, transportation, finance, and government affairs.

HTSC53minutes ago

Express News | Baidu Inc : Bernstein Cuts Target Price to $87 From $90

BreakingsJan 10 18:51

Hurun's list of the 50 most valuable AI companies in China ranks SenseTime (00020.HK) third with a value of 50 billion yuan.

The Hurun Research Institute released the "2024 Hurun China AI Enterprises Top 50", which includes 27 non-listed companies, with a threshold value of 6 billion yuan (RMB). The threshold for the top ten is a value of 22 billion yuan. Founded in 2016 and headquartered in Peking, the AI chip company Cambricon (688256.SH) ranks first with a value of 238 billion yuan. The intelligent voice company Iflytek Co.,ltd. (002230.SZ) ranks second with a value of 116 billion yuan. The Machine Vision and large model company SenseTime (00020.HK) ranks third with a value of 50 billion yuan. Peking and Shanghai.

AASTOCKSJan 9 15:51

Hong Kong stock Concept tracking | The State-owned Assets Supervision and Administration Commission supports the vigorous development of AI. Under the "catfish effect," the AI Industry Chain is expected to remain highly prosperous (including Concept stock

Tan Zuojun stated that it is necessary to vigorously develop AI and promote the high-quality development of central enterprises.

Zhitong FinanceJan 9 07:45

State-owned Assets Supervision and Administration Commission: It is necessary to vigorously develop AI and accelerate the establishment of systems and mechanisms that adapt to AI development.

At the graduation ceremony of the special training class for AI held at the CHINA TELECOM Party School, Tan Zuojun, member of the Party Committee and Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council, stated that it is essential to vigorously develop AI to promote the high-quality development of central enterprises. Tan Zuojun emphasized the need to closely follow the latest developments in AI, actively embrace the AI wave, strengthen AI thinking, grasp development laws, and strive to become explorers, organizers, and promoters of AI development. The acceleration of AI application learning should be prioritized, with a deep focus on AI 'core technology', thoroughly implement the 'AI+' actions, strengthen AI empowerment across various industries, drive technological innovation, and make AI a strong engine for industrial upgrading and leapfrogging.

AASTOCKSJan 9 07:06

Baidu Inc. (BIDU) Stock Slides as Market Rises: Facts to Know Before You Trade

Yahoo FinanceJan 9 06:50