Straits Times Index
3,307.90 -6.15 (-0.19%) S&P 500
5,308.13 +4.86 (+0.09%) Dow
39,806.77 -196.82 (-0.49%) Nasdaq
16,794.88 +108.91 (+0.65%) Bitcoin USD
70,999.70 +3,773.77 (+5.61%) CMC Crypto 200
1,530.60 +42.06 (+2.83%)
BIDU May 2024 85.000 put
| Previous close | 0.1900 |
| Open | 0.4100 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 85.00 |
| Expiry date | 2024-05-31 |
| Day's range | 0.1900 - 0.4100 |
| Contract range | N/A |
| Volume | |
| Open interest | 31 |
ReutersChinese tech giants slash prices of language models used to power AI chatbots
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba's cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.
- Investing.com
5 big analyst AI moves: Baidu, Accenture downgraded to Hold
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Analysts at the investment bank RBC Capital Markets raised their target price on Microsoft (NASDAQ:MSFT) stock from $450 to $500 on Friday, citing positive feedback from their recent investor meetings with Microsoft's Directors of Investor Relations. RBC stressed that AI remains a key growth driver for Microsoft, highlighting that the tech giant continues to make substantial investments in this rapidly developing sector.
Barrons.comAlibaba and Other Chinese Stocks Are Rallying. Why It Won’t Last.
While Alibaba and other Chinese names could have more near-term upside, don’t expect continued outperformance, says James Reilly, an analyst at Capital Economics,.
