Following discussions at the Asia-Pacific Economic Cooperation summit, a significant development occurred between US President Joe Biden and Chinese President Xi Jinping. They agreed to open a dialogue on artificial intelligence (AI), a sensitive area due to its strategic and military implications. This decision is a positive signal for China's tech industry, potentially benefiting leading companies like Baidu, Xiaomi, and Kuaishou Technology in showcasing their AI capabilities.
Baidu is making strides in AI despite economic challenges. Although the tech sector in China is experiencing difficulties, Baidu is projected to see a 5.1% revenue increase, showing its dedication to innovation even in tough economic times. The company is navigating a complex landscape marked by a slowing economy affecting advertising revenue, and rising
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First found on: Dialogue About AI Boosts China's Tech Horizon
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