Baidu shares jump 10% following release of new free-to-use AI models

• Baidu, once China’s generative AI leader, is battling to regain its position

  Baidu has released two new open-source AI models, including a reasoning model, as it vies to regain a leading position in China’s AI space.
  
  CNBC - 12h

• Chinese shares turn positive for the year

  CSI 300 jumps after Beijing announces consumption plan amid growing hopes for the country’s AI sector
  
  Financial Times - 4d

• Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

  Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.
  
  CNBC - Mar. 11
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  Mistral AI drops new open-source model that outperforms GPT-4o Mini with fraction of parameters

  France's Mistral AI launches efficient open-source model that outperforms Google and OpenAI offerings with just 24 billion parameters, challenging U.S. tech giants' dominance in artificial ...
  
  VentureBeat - 23h

• Inside Google's Gemma 3 AI model

  Google says its new Gemma 3 AI model can tackle more challenges while using just one GPU. Emilia David, senior AI reporter for VentureBeat, joined CBS News to discuss the new product.
  
  CBS News - 4d
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  S&P 500 closes higher on soft inflation report; Nasdaq jumps 1% as traders snap up tech shares

  The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares.
  
  NBC News - 5d
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  Majority of Americans have used AI models like ChatGPT: Survey

  A majority of Americans have used ChatGPT-like artificial intelligence (AI) models according to a new survey. In the survey from Elon University’s Imagining the Digital Future Center, 52 percent ...
  
  The Hill - 5d

• Adobe shares drop 14% as concerns about AI growth overshadow better-than-expected results

  Adobe shares fell on Thursday as investors fretted over lingering growth concerns and the company's artificial intelligence monetization strategy.
  
  CNBC - 5d
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  Over half of American adults have used an AI chatbot, survey finds

  Artificial intelligence technology is becoming increasingly integral to everyday life. 52% of U.S. adults have used AI large language models like ChatGPT.
  
  NBC News - 5d

More from CNBC

• Nvidia announces Blackwell Ultra and Rubin AI chips

  Nvidia’s sales are up more than sixfold since its business was transformed by the release of OpenAI’s ChatGPT in late 2022.
  
  CNBC - 41m

• Supreme Court chief justice rebukes Trump over call to impeach judge in deportation case

  Trump's demand came a day after Chief Judge James Boasberg grilled a Department of Justice lawyer about deportations of alleged Tren de Aragua gang members.
  
  CNBC - 1h

• Trump and Putin agree on 'energy and infrastructure ceasefire' as step to Ukraine peace deal

  Ukrainian President Volodymyr Zelenskyy last week said that Kyiv would agree to a broader 30-day ceasefire if Russia also signed.
  
  CNBC - 30m

• AI scammers on Amazon duped investors out of millions with 'passive income' scheme, FTC alleges

  The company promised better returns than the stock market, with a co-founder appearing in TikTok videos with wads of cash alongside an image of Warren Buffett.
  
  CNBC - 1h

• Retail investors ditch buy-the-dip mentality during the market correction

  Retail outflows from U.S. equities rose to about $4 billion over the past two weeks, according to data from Barclays.
  
  CNBC - 19m

More in Business

• 

  Mortgage Giants Fannie Mae and Freddie Mac Brace for Job Cuts

  William Pulte, the new director of the Federal Housing Finance Agency, is consolidating control over Fannie Mae and Freddie Mac and questioning employees’ productivity.
  
  The New York Times - 7m
• 

  Nvidia Is Hosting the Super Bowl of A.I.

  The giant chipmaker has transformed its annual developer conference from an academic event into a who’s who gathering for the future of artificial intelligence.
  
  The New York Times - 11m
• 

  Netanyahu says Israel has resumed ‘fighting with force’ against Hamas

  Israeli military’s renewed air strikes in Gaza kill more than 400 people, say Palestinian officials
  
  Financial Times - 12m

• Google to acquire cloud security startup Wiz for $32 billion after deal fell apart last year

  Google signed a "definitive agreement" to acquire Wiz for $32 billion in an all-cash deal
  
  CNBC - 13m

• The Apple iPhone privacy battle in the UK that may set a new dangerous government surveillance precedent

  Apple's refused to comply with a UK government demand for a backdoor into encrypted iPhone data, leaving users exposed. Other governments may press the issue.
  
  CNBC - 14m