Baidu has launched a number of AI applications after Arnie Chatbot received general approval.
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China’s technology giant Baidu Hong Kong shares surged 12% on Wednesday as the company is increasing its artificial intelligence plans and partnerships.
The Beijing-based company, which has a dominant position in the Chinese search engine market, has won 9% in US trading.
The strong equity performance comes after Baidu secured an AI-related contract earlier this week with China Merchants Group, a leading state-owned company focusing on transportation, finance and real estate development.
According to a statement from Baidu, translated by CNBC, “Both sides plan to focus on large-scale language models, AI agents and the application of “digital employees.”
Baidu is actively pursuing AI businesses, including popular leading language models and AI chatbot Ernie Bot.
On Tuesday, the company disclosed its 4.4 billion yuan ($56.2 million) offshore bond offerings in 2029.
I like other Chinese AI players. Tencent It also raises funds, including debt sales this year.
