Shares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as investors appeared to react positively to the release of two new AI models over the weekend. Baidu released two new artificial intelligence models on Sunday, including the latest version of its foundational "Ernie" model and a new reasoning model that it said rivaled DeepSeek's R1 model. CNBC is not able to verify these claims. A reasoning model is a large language model designed to process complex problems in a similar way to humans, breaking prompts down into smaller pieces and considering multiple approaches before generating responses.
CNBC
Broadcast Media Production and Distribution
Englewood Cliffs, NJ 2,959,897 followers
About us
Welcome to CNBC's home on LinkedIn! Follow us for regular updates about financial news, top CNBC.com stories, behind-the-scenes moments and more. CNBC, Inc. provides business news in the United States and Canada. It provides real-time financial market coverage and business information. The company, through its Web site, cnbc.com, provides real-time market analysis; video programming daily; industry and topic-specific blogs; cnbc.com live stream, a long-form scheduled programming of events; charts; and investing tools. The company was founded in 1989 and is headquartered in Englewood Cliffs, New Jersey. CNBC, Inc. operates as a subsidiary of NBC Universal, Inc.
- Website
-
http://www.cnbc.com
External link for CNBC
- Industry
- Broadcast Media Production and Distribution
- Company size
- 501-1,000 employees
- Headquarters
- Englewood Cliffs, NJ
- Type
- Public Company
- Specialties
- Financial News, Stocks, Market Updates, Merger and Acquisitions, Investing Tools, Business News, Earnings, World Market News, Career, Entrepreneurship, Business, Finance, Markets, News, and Journalism
Locations
-
Primary
1 CNBC Plaza
Englewood Cliffs, NJ 07632, US
Employees at CNBC
Updates
-
Billionaire Ray Dalio says we're living in a time of rapid change, as geopolitical tensions rise, economic systems shift and technology develops faster than ever before. As people grapple with what he called the "changing world order," Dalio says it's important to focus on what really matters. "I think the question is, above all else ... how we're going to be with each other," said the Bridgewater Associates' founder. "Because, breakthrough technologies — they can be used for wars, they're going to create great displacement of people."
-
Shares of the largest Japanese trading houses rallied on Tuesday after Warren Buffet's Berkshire Hathaway raised its stakes in them overnight. The 94-year-old investor's holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more than 1 percentage point each, to stakes ranging from 8.5% to 9.8%, according to a regulatory filing. Shares in all five companies rose at least 4% shortly after the open. Itochu and Marubeni were the top movers, advancing 4.12% and 4.55% respectively, as at 10.05 a.m. local time.
-
Human resources software startup Rippling sued competitor Deel in federal district court on Monday, claiming that "Deel cultivated a spy" to orchestrate a trade-secret theft. The employee met with Deel executives and passed internal Rippling records to a reporter, according to San Francisco-based Rippling's complaint in the U.S. District Court for California's Northern District. Rippling claimed in the filing Deel violated the 1970 Racketeer Influenced and Corrupt Organizations Act and misappropriated trade secrets.
-
"Competition is the best possible thing" for vibrant markets, Y Combinator CEO Garry Tan says. "Markets will serve consumers 10 or 100 times better than monopolies." cnb.cx/43RJiKJ
-
AI agents "are right around the corner," Y Combinator CEO Garry Tan says. Here's what that means for inference demand. cnb.cx/43RJiKJ
-
President Donald Trump announced Monday he has chosen Federal Reserve Governor Michelle Bowman to take over the central bank’s top supervisory role. Full details: cnb.cx/4bCkLeL