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Chinese search giant Baidu on Wednesday denied allegations it had suffered an internal data breach after a top executive's teenage daughter posted personal details of other internet users online, sparking a controversy.
Though his name lost some of its luster with the ‘sell' recommendation for S&P 500 and other U.S. stocks right before the index started one of its strongest bull cycles and with a poorly-timed bet against the semiconductor industry, Michael Burry might have taken the most decisive victory over the 2025 market.
The Chinese stock market is on fire and the rally is gathering momentum—in stark contrast to U.S. equities right now.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
Baidu's shares surged 10.7% in Asian trading on Tuesday following the release of two new artificial intelligence models over the weekend. The Chinese tech giant introduced the latest version of its foundational “Ernie” model alongside a new reasoning model designed to rival DeepSeek's R1.
New AI models launched by Baidu on Sunday included the company's first reasoning-focused model, as well as its first move into an open-source licensing strategy. While experts and markets reacted positively to the new models, the releases also highlight how Baidu is playing catch-up in China's AI race.
Baidu released two new artificial intelligence models on Sunday, including one with reasoning capabilities that it said rivaled DeepSeek's R1 model. According to Kai Wang, a senior equity analyst for Morningstar, Baidu's stock jump is likely a delayed market reaction to the new models as the company vies to regain leadership in China's AI space.
Shares of Baidu (BIDU 9.06%) are climbing on Monday. The company's stock gained 9.8% as of market close and was up as much as 9.9% earlier in the day.
Chinese tech giant Baidu (BIDU) said it has launched two artificial intelligence (AI) models, including the ERNIE X1, which it claims delivers the same performance as DeepSeek R1 “at only half the price.”
Economic data for the first two months of 2025 were surprisingly strong despite President Donald Trump's new tariffs on China.