Baidu stock rebounds after falling sharply in wake of ChatGPT-style bot demo [CNN]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: CNN
Hong Kong CNN — Its stock soared 14.3% on Friday in Hong Kong, making it the biggest winner in the Hang Seng Index (HSI) . They also gained 3.8% in New York during US trade Thursday. A day earlier, Baidu (BIDU) was the biggest loser of the same index. Its Hong Kong shares fell 6.4% after a public demonstration of its bot failed to impress investors. Since February, more than 650 companies had joined the ERNIE ecosystem, CEO Robin Li said during the presentation. The reversal came after the company said more than 30,000 businesses had signed up to test out its chatbot service within two hours of its demonstration. “The high degree of enterprise interest is positive, and we expect Baidu to continue to capture China's enterprise demand for generative AI,” Esme Pau, Macquarie's head of China and Hong Kong internet and digital assets, told CNN. She said the company's shares were bouncing back Friday as some users, including analysts, shared positive feedback of their own exper
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