Baidu Inc., a leading player in China’s internet technology sector, has announced the launch of its new artificial intelligence model, Ernie X1. This move is largely aimed at strengthening the company’s position amid increasing competition from powerful technologies like DeepSeek.

Baidu Inc., a leading Chinese tech firm, has unveiled plans to issue bonds amounting to $2 billion. This significant move represents the largest dollar bond offering by an Asian entity, featuring an exchange option for shares in Hong Kong's Trip.com Group Ltd. These unique bonds come with a zero coupon and are set to mature in 2032.