Baidu rose 1.4% before the market opened, and its H shares closed up more than 3%. It is expected to adjust its strategy to win back Apple's big order
2024-12-23 17:18:23

Baidu's Hong Kong stocks closed up more than 3% today, and Baidu's US stocks rose 1.43% before the market opened at $87. In terms of news, it was previously reported that Apple was in talks with Tencent and ByteDance, planning to integrate the AI models of these two companies into iPhones sold in the mainland. Prior to this, the market generally believed that Baidu was Apple's partner, but due to differences in technology and privacy issues, the cooperation between the two parties broke down. However, according to the latest news, in the face of this change, Baidu may re-examine its strategy and try to save this large order worth more than 10 billion US dollars. In addition, State Grid Corporation of China recently released the "Guangming Big Model", a large model of the power industry, and signed a strategic cooperation agreement with Baidu.
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