Baidu sinks 11.5%, refutes report linking Ernie AI to Chinese military
$GEELY AUTOMOBILE HOLDINGS LIMITED(GELYF.US$ The search engine firm, generally considered one of China’s leaders in AI development, fell as much as 10 per cent on Monday (Jan 15), deepening losses from US trading on Friday. Traders in Hong Kong cited a South China Morning Post report about how a university affiliated with the People’s Liberation Army’s (PLA) Strategic Support Force – which oversees cyberwarfare – had tested its AI system on Baidu’s ChatGPT-like Ernie.
Baidu has collaboration with Chinese EV Geely Auto on autonomous driving.
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Baidu on Monday denied any affiliation or partnership with the institute. But the report about the hook-up with the PLA raised concerns that Washington may consider imposing sanctions on Chinese firms to curtail such collaboration, as part of efforts to contain its geopolitical rival.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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broad-minded Fox_546 : High volume of short in Baidu .