Chinese tech giant Baidu reported a 4% year-on-year decline in second-quarter revenue to 31.3 billion yuan ($4.62 billion), missing Wall Street estimates as continued weakness in its core advertising business offset gains from its artificial intelligence cloud operations. The results mark the company's fifth consecutive quarterly revenue drop.
Transport for London granted private hire vehicle licenses to Uber Technologies Inc. and UK startup Wayve Technologies Ltd., allowing them to offer self-driving taxi rides with a safety driver present. The approval makes them the first companies authorized for autonomous taxi services in London, ahead of competitors Waymo and Baidu.
Apple's AI service Apple Intelligence has been approved by China's cyberspace regulator (CAC) after a 22-month review process. The service will launch in China with Alibaba's Qwen AI handling language features and Baidu powering visual search capabilities.
China's cyberspace regulator has officially registered Apple's on-device generative AI service, Apple Intelligence, for use on iPhones in the country. To comply with local regulations, Apple is partnering with domestic tech companies including Alibaba and Baidu to integrate their AI models for Chinese users.
Confirmed sales of advanced AI services by OpenAI and Google to Singapore-based subsidiaries of Pentagon-blacklisted Alibaba, Baidu, and Tencent have exposed a loophole in U.S. export controls, reigniting debate over whether software access to Chinese firms should face stricter regulation.
China has halted the issuance of new autonomous vehicle licenses following incidents involving Baidu's Apollo Go robotaxi service, according to Bloomberg sources. The suspension represents a significant regulatory intervention in China's autonomous vehicle rollout.
