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Express News | Former employees of Jiyue have spoken out: Xia Yiping was originally not hired through an interview.
Express News | Baidu has applied to register the Baidu Short Drama trademark.
Market Chatter: China Pushes for AI Standardization Amid Intensifying Global Sector Competition
Whale Observation | The search industry is quietly changing, with giants like Google and Baidu being "robbed" by Social Media and AI companies.
The rise of platforms like Xiaohongshu, Instagram, and TikTok is greatly influenced by the variable from Generation Z young users, which has the most significant impact on the Search Engine market landscape. As the influence of Generation Z continues to grow in content Consumer, traditional Search Engine companies will face greater challenges.
What is Biden planning to do in the last few weeks of his term? The focus will be on AI, pardons, and climate goals...
① Biden plans to take action on AI, pardons, and other areas in the final weeks of his term; ② White House Communications Director Ben LaBolt revealed in a memo that Biden will focus on four major areas: AI, providing financial incentives, climate goals, and reducing sentences and pardons.
Jiyue Xiayi Ping admitted that he was overly optimistic in the early stages and failed to foresee the seriousness of the funding issues.
Geely Holding and Baidu-SW (09888.HK) subsidiary car manufacturer "Jiyue" (formerly known as "Jidu") is facing a financial crisis. Online circulation has revealed that Jiyue CEO Xia Yiping published a lengthy statement denying any intention to "run away". He stated that manufacturing vehicles requires a significant amount of capital, and he did not fulfill important responsibilities regarding financing and other aspects of the company's development strategy. He was overly optimistic in the early stages, failing to foresee the severity of the financial issues, and was also too focused on details and micro-management. There were shortcomings in personnel management that suppressed the initiative and creativity of the team. He also mentioned that he was overly occupied by an obsession with marketing, and as CEO, he should have focused primarily on financing and strategy.
Express News | Jiyue CEO Xia Yiping stated, "I did not run away": The obsession with marketing took up too much energy.
Extreme liquidity crisis, Geely and Baidu: will actively assist in handling related matters.
According to comprehensive reports from internal media, the jointly-owned automobile manufacturer "Jiyue" by Geely Holding and Baidu (09888.HK) is facing a liquidity crisis, with a capital shortfall of up to 6 billion yuan. The company has explicitly stated that employee salaries will only be paid up to November. Geely and Baidu released a joint statement saying that as shareholders of Jiyue, they will actively assist the management of Jidu Automobiles in properly handling related matters, including timely resolution of employee social insurance payments and compensation for departing employees, ensuring normal use of vehicles for customers, after-sales service and maintenance, as well as promoting reasonable and legal solutions to other issues. Reports indicated that Geely and Baidu will pay the November social insurance for Jiyue employees.
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
New stocks preview｜After three years of unsuccessfully attempting to enter the A-shares, is Zhuoyue Ruixin, backed by Sina and Baidu, realizing its capital dream by going south?
After three years of failure to enter the A-share market, Zhuoyue Ruixin, supported by Sina and Baidu, is continuing to shift its focus to the Hong Kong stock market...
"The AI God" delivered a powerful speech: the era of "pre-training" dominated by computational power will end, the next generation belongs to "inference"; if machines have consciousness, then let them awaken!
Ilya Sutskever, former co-founder of OpenAI and founder of SSI, stated during his speech that the pre-training phase of AI model development is coming to an end. The future development of AI will focus on Asia Vets, synthetic data, and reasoning time computation. He elaborated on the immense potential of these three directions, for instance, synthetic data can overcome the limitations of real data volume, while reasoning time computation can enhance the efficiency and controllability of AI.
Returns Are Gaining Momentum At Baidu (NASDAQ:BIDU)
Express News | Baidu and Geely executives stated they will ensure the support for Extreme Yi autonomous driving and after-sales service.
Extreme management insider reveals: spent 0.5 million yuan to host a hot pot gathering, and a single live broadcast earned seven to eight million.
Sina Technology News, on the afternoon of December 14, reported that after Geely and Baidu issued a joint statement about Geely Autos yesterday, stating that they would actively assist the management of Jidu in handling related matters. Today, a mid-level employee from Jidu exposed more issues regarding the daily management of CEO Xia Yiping during an interview with a media outlet. According to the employee, Xia Yiping held many hot pot gatherings, inviting car owners to hot pot, with each event costing over 0.5 million yuan. "As a Venture, expenditures should be strictly controlled, but the reality is a loss of compliance and internal audit supervision in supplier procurement." It has been revealed that Xia Yiping acts on his own.
Express News | Wang Yunpeng, Vice President of Baidu Group: We will comprehensively ensure support for the extreme smart driving and mapping navigation technology.
Express News | The results of the communication by ZEEKR owners with Geely Headquarters have been exposed: lifelong warranty is valid, and after-sales will be handled by ZEEKR or Lynk & Co.
Express News | Jiyue Xia is clarifying rumors about the reopening of frontline stores: only 200 sales staff will be retained in the stores.
Market Chatter: Baidu, Geely to Help Resolve Problems at Joint Venture
Geely, Baidu Pledge to Solve Payroll Issues Facing EV Venture
Market Chatter: EV Maker Jiyue to Downscale Operations