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Australia's regulatory institutions: The AI advantages of large technology companies may harm competition in the search market.
Australian competition regulatory institutions have stated the necessity to reconsider efforts to ensure that internet users have more choices, as Google dominates the search engine market and its competitors have not fully utilized the flourishing development of ai.
baidu (09888.HK) upgrades Apollo open platform to version 10.0
According to reports from domestic media, baidu (09888.HK) has officially released a new upgraded version of the Apollo open platform — Apollo open platform 10.0, which not only sees significant upgrades in the software core layer, application software layer, and tool service layer, but also enhances the effectiveness of core algorithm modules through the automatic driving large model ADFM reconstruction algorithm.
Express News | Li Yanhong has been found to have abnormal operations with Fujian baidu Borui company.
"The large institution haitong int'l has lowered the target price for baidu (BIDU.US) to $102, with a conservative outlook."
Haitong Int'l released a report indicating that it maintains its forecast for Baidu-SW (BIDU.US) fourth quarter core advertising, keeping the previous estimate of a year-on-year growth rate of -9.5%, and the cloud service year-on-year growth rate unchanged at 13%. Considering the recent organizational adjustments at Baidu (BIDU.US), the shift in revenue mix towards low-profit businesses, and LLM-related investments, the forecast for the fourth quarter Non-GAAP core operating profit margin has been further reduced from 21% to 19%. Therefore, the core revenue and Non-GAAP core operating profit forecasts for the fiscal year 2024 are 102.7 billion RMB and 243.
Futu Morning Post | South Korea's president announced 'emergency martial law' late at night, stirring up the market; high-performance stocks collectively celebrate after hours! Marvell Technology, salesforce surged more than 10%.
Will the interest rate be cut in December? The Fed's voting members this year are "doing Tai Chi": regardless of cutting or not, interest rates should continue to decline; Nasdaq and S&P hit new highs again! Apple has risen for seven consecutive days to create a new historical high; Palantir rose nearly 7% to create a new historical high again, with the company's cloud computing service receiving a "highly authorized" certification.
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Hong Kong stocks morning report on December 4: The situation in south korea causes a huge shock in asset prices, while the trends of china concept stocks show divergence.
① South Korea's President Yoon Suk-yeol suddenly launched an emergency martial law, but Congress resisted and voted to reject it. ② The USA's labor market shows subtle changes: the number of job vacancies rebounds. ③ The number of CEOs leaving their positions in the USA this year has reached a record high. ④ Yen arbitrage trading is thriving, and the Bank of Japan is reaching for the "interest rate knife." ⑤ The three major US stock indexes had mixed results, with the Nasdaq and the S&P 500 index continuing to set new closing highs, while the trend of china concept stocks showed divergence.
U.S. stocks closed: The S&P reached a historic high for the 55th time this year, while the index of Chinese concept stocks had four consecutive days of gains.
① The S&P and Nasdaq hit new highs, but the momentum is weak; ② A "nightmare" occurred with the south korea etf; ③ Tesla's "bullish investors" announced they will no longer go ALL-IN; ④ Apple is assessing the use of amazon chips to train AI models.
Just now! China has taken action to strengthen export controls on dual-use items such as gallium, germanium, antimony, and related items to the usa.
Source: Securities Times, December 3, the Ministry of Commerce released a notice on strengthening export control of relevant dual-use items to the usa, effective from the date of announcement. The notice states that in accordance with the provisions of the "Export Control Law of the People's Republic of China" and other laws and regulations, in order to maintain national security and interests and fulfill international obligations regarding diffusion, it has been decided to strengthen export control of relevant dual-use items to the usa. The relevant matters are announced as follows: 1. Export of dual-use items to military users or for military purposes in the usa is prohibited. 2. In principle, licenses will not be granted for the export of gallium, germanium, antimony, and related dual-use items to the usa; for graphite dual-use items exported to the usa, control will be implemented.
Express News | Horizon executives' changes: Vice President Yu Yinan has left the company, being the 5th employee.
baidu will officially release Apollo Open Platform 10.0 on December 4.
On December 3, Gelonghui reported that on December 4 at 10:30, Baidu will officially launch the Apollo Open Platform 10.0, which is based on the autonomous driving large model ADFM reconstruction algorithm. The framework, modules, and system will be fully upgraded, resulting in higher performance, lower costs, and enhanced safety in technology applications. At the same time, the three parties will work together to deepen the integration of production and education, jointly building a thriving ecosystem of production, learning, and research for the global community.
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
US stocks closed: Chinese concept stock index 'three consecutive rises,' technology giants prop up NASDAQ, S&P to reach new highs.
① Technology giants continue to rise, with the S&P and Nasdaq hitting new highs; ② Musk's high salary once again rejected by a judge; ③ Super micro computer announces no inappropriate behavior found; ④ Intel CEO suddenly retires, reportedly forced out by the board of directors.
Is Baidu Inc. (BIDU) a Buy as Wall Street Analysts Look Optimistic?
Australia to Propose Law Similar to EU's DMA to Fine Big Tech If They Prevent Competition - Report
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Fangzhou Inc. Strengthens Partnerships With Tencent and Baidu, Unveiling Its "AI Agent Solution"
Baidu (09888.HK) RoboRun: has been granted a Hong Kong autonomous driving test license, an important part of the company's global strategy.
According to reports from domestic media, baidu-SW (09888.HK) subsidiary autonomous driving service platform "萝卜快跑" will begin road testing in specific areas of Hong Kong. The license granted by the Hong Kong Transport Department is the company's first license for automated driving tests in right-hand drive left-hand traffic areas, marking an important step towards the company's globalization. 萝卜快跑 stated that Hong Kong, as the forefront of asia financial and innovation, is committed to building a leading innovation and technology ecosystem. The company looks forward to bringing artificial intelligence and self-driving car technology to more countries and regions, which is why it has commenced business expansion aimed at the global market. The Transport Department announced this last Friday (November 2.
Express News | RoboQuick has been granted the first autonomous driving license in Hong Kong.
Express News | Hong Kong technology index constituent stocks are strong, BYD Electronics surged more than 6%.