. Baidu, China's leading tech giant, saw an impressive 10% growth in revenue and 5.83 billion in net income for the first quarter of 2023 beating expectations. Through the efforts of its CEO, Robin Li, the company has invested in AI technology with their ERNIE Bot and promise more opportunities for the tech industry. With the green light from the government review, Baidu hopes to bring its Bot to new heights.
. Mobvoi, a Chinese tech firm, is reportedly aiming to raise $300 million through a Hong Kong initial public offering (IPO). Two banks are chosen to be part of the first-time share sale namely the China International Capital Corporation and the China Merchants Bank International. This move follows the launch of their in-house Artificial Intelligence (AI) platform. Mobvoi creates a variety of AI services, for areas such as finance, telecoms and elderly care, and has gotten funding from Google, Volkswagen, Sequoia and Zhenfund. The IPO launch could come as early as this year.
Xiaodu, the tech giant from Baidu, is launching a brand new smartphone! Get the latest information about its development details in the following week. This product will not be integrated with the Artificial Intelligence technology, ERNIEBot. Discover more of Baidu's incredible products and AI innovations in the consumer market with a total brand value of 7.5 billion USD.
Hong was arrested Sunday for using AI chatbot ChatGPT to allegedly spread fake news demonstrating a new method for state actors to discredit real news. With charges of picking quarrels & provoking trouble, Hong faces a potential 5-10 year jail term. Protect yourself from AI generated deepfakes by understanding Chinese censorship rules.
Recently, the Pingliang Public Security Bureau's Network Security Brigade uncovered the first case of using ChatGPT software to fabricate false news. A routine online patrol discovered an article claiming 9 deaths due to a train collision with workers in Gansu. The police found the suspect, Mr. Hong, used WeChat to purchase many Baijiahao accounts to fabricate and spread fake news. He is being legally charged for his actions and is facing criminal coercion. The case serves as a reminder to be careful of any false news spread online.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?