BIDU May 2024 110.000 call
| Previous close | 2.5100 |
| Open | 1.2000 |
| Bid | 1.0600 |
| Ask | 1.1000 |
| Strike | 110.00 |
| Expiry date | 2024-05-31 |
| Day's range | 0.9500 - 1.3200 |
| Contract range | N/A |
| Volume | |
| Open interest | 400 |
BenzingaDespite US-China Tensions, Baidu Boosts Ties with Apple and Tesla For Major Role in AI and Autonomous Tech
Baidu Inc (NASDAQ:BIDU) is forming tighter connections with U.S. tech giants like Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA), leveraging China’s overseas data transfer restrictions to expand its focus beyond its traditional search business. Reports indicated that Apple has engaged in preliminary discussions to incorporate Baidu’s generative AI technology into its devices. CEO Tim Cook’s Shanghai store launch highlights Apple’s ambitions in the country despite geopolitical tensions. Baid
ReutersChinese tech giants slash prices of language models used to power AI chatbots
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba's cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.
South China Morning PostAlibaba, Baidu, ByteDance heat up price war in China's AI market with steep LLM discounts, putting pressure on start-ups
Alibaba Cloud Intelligence, China's biggest cloud computing service provider, slashed the fees for using its generative artificial intelligence (AI) models by up to 97 per cent, a salvo in a price war that comes a week after ByteDance launched a rival service that costs less than most competitors. The price cuts apply to nine of Alibaba's Qwen self-developed large language models (LLMs), also known as Tongyi Qianwen, said Liu Weiguang, president of public cloud business, at the firm's AI summit
