15 AI News That Broke The Internet

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9. Baidu, Inc. (NASDAQ:BIDU)

Market Capitalization: $30.1 billion

Baidu, Inc. (NASDAQ:BIDU) is a Chinese technology company that provides search engine services, artificial intelligence, and cloud computing in China.

On Tuesday, November 12, Baidu, Inc. (NASDAQ:BIDU) unveiled several applications for its artificial intelligence technology, including enhanced text-to-image generation technology and a tool that allows users to develop software applications without coding expertise. The move signifies Baidu’s shifting focus towards the commercialization of large language models (LLMs). The company’s offerings include a text-to-image generator dubbed I-RAG and a no-code developer platform called Miaoda. According to Reuters, I-RAG is a text-to-image technology that leverages Baidu’s search capabilities to improve image accuracy, with the Ernie platform now handling 1.5 billion user queries.

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