Baidu Launches Major Layoffs Amid AI Competition and Revenue Decline
China's tech giant Baidu cuts jobs across multiple units as it battles AI competition and falling ad revenue, while protecting AI and cloud roles.
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Pentagon Identifies 8 Chinese Tech Giants for Military Watchlist
Pentagon recommends adding Alibaba, Baidu, BYD and 5 other Chinese tech firms to military companies list, raising concerns for US investors despite recent Trump-Xi trade agreement.
JPMorgan Upgrades Baidu: Cloud and AI to Drive Growth
JPMorgan upgrades Baidu to Overweight, citing strong growth potential in cloud and AI, with a new price target of $188.
Lyft Forecasts Strong Growth as Bookings Surge and Global Expansion Gains Momentum
Lyft projects up to $5.13 billion in Q4 bookings, signaling strong growth, expanding into Europe via Freenow, and boosting customer loyalty with new rewards and luxury ride options.
XPeng to Launch China’s First Self-Developed Robotaxi Fleet in 2026
XPeng plans to roll out three self-developed robotaxi models next year using its own chips, software, and hardware, marking a first for a Chinese automaker.
Baidu's Apollo Go Hits 250,000 Weekly Robotaxi Rides, Matching Alphabet's Waymo
Baidu's robotaxi unit hit 250,000 driverless weekly rides, matching Waymo's figures. They report zero major accidents.