China Dominates Global Generative AI Adoption As Local Startups Face Fierce Competition From The Likes Of Alibaba And Baidu

China has emerged as the global frontrunner in the adoption of generative AI, according to a survey, conducted by SAS and Coleman Parkes Research.What Happened: The survey, which included 1,600

Benzinga00:32 ET

Shares of Baidu Group rose more than 12%. There is hope for Didi Chuxing to achieve profitability in the self-driving online car-hailing business model.

On July 10th, Futu News reported that Baidu Group-SW rose by more than 12%, as of the time of publication, up 12.17%, at HK$96.8, with a turnover of 1.059 billion Hong Kong dollars.

Zhitong Finance22:10 ET

The Hang Seng Tech Index rose 2%, with the concept of self-driving cars bucking the trend and increasing significantly, and Baidu rose 10%.

The A-share market opens low, with self-driving cars and lithium mining concepts on the rise, Zhengzhou Tiamaes Technology and Dongjian Technology both hit the limit up. The Hong Kong stock market opens high and goes up, with network technology stocks leading the way and Baidu rising by 10%.

wallstreetcn21:46 ET

Hong Kong stock concept tracking | Peking plans to support autonomous driving cars for online car-hailing, institutions are bullish on Luo Bu Kuaipao's potential to achieve profitability (attached concept stocks)

Recently, the Beijing Municipal Bureau of Economy and Information Technology has solicited opinions on the "Beijing Self-driving Car Regulations (Draft for Comment)". The city plans to support self-driving cars for urban public electric bus passenger transport, online car-hailing, car rental and other urban travel services. The relevant person in charge of the Municipal Bureau of Economy and Information Technology said that the city will focus on legislation to solve the main problems faced by self-driving car innovation activities in specific areas, and provide clear, transparent and predictable institutional norms for market entities of level L3 or above self-driving cars based on ensuring safety. In its research report, GTJA pointed out that JoyRun is expected to achieve profitability in the self-driving car online car-hailing business model. JoyRun

Zhitong Finance21:30 ET

Options Market Statistics: Tesla Hits 10-Day Winning Streak, Closes at 9-Month High, Options Pop

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Options Newsman21:14 ET

GTJA: Car-hailing service Robo-Taxi is expected to achieve profitability in the implementation of self-driving car commercial model.

GTJA pointed out in its research report that Luobu Kuaipao is expected to achieve profitability in the commercial model of self-driving online car-hailing. Luobu Kuaipao is an autonomous driving travel service platform under Baidu, which has opened passenger-carrying test operation services in 11 cities and conducted full self-driving travel service tests in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai.

Gelonghui Finance21:08 ET