Page 19 - Baidu News Today

China's Baidu plans to donate a quantum computing laboratory and equipment to the government-backed Beijing Academy of Quantum Information Sciences (BAQIS), a company spokesperson said on Wednesday. Baidu's move followed that of its peer Alibaba, which in November had said it would wind down its quantum computing laboratory and team within its research arm amid a broader company restructuring, donating both the lab and related experimental equipment to Zhejiang University. Baidu esta...

By P.R. Venkat Baidu has called off a $3.6 billion deal to buy JOYY's video-based entertainment live-streaming business in China. As of the end of December,...

The failure of the deal casts a shadow on search engine giant Baidus ambition to diversify its revenue. The company proposed to acquire JOYYs video-based entertainment live streaming business in China, known as YY Live, in 2020.

(Bloomberg) -- Baidu Inc.’s bid to acquire Joyy Inc.’s live-streaming business for China has lapsed, dealing a blow to the search engine giant’s advances into the digital video arena.Most Read from BloombergQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIran Sends Warship to Red Sea After US Sinks Houthi BoatsIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesMaersk Halts Red Sea Shipping as US Navy Sinks Houthi BoatsUS Pushed Dutch Maker of Chi...

Baidu affiliate Moon SPV Ltd terminated the share purchase agreement with JOYY because the conditions of closing the deal it provided for "had not been fully satisfied" as of the end of 2023, Baidu said in an exchange filing on Monday.

Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming its inability to get government approval.Baidu, the country's top search engine company, agreed in 2020 to buy JOYY Inc's Chinese live video business YY Live for $3.6 billion.

Cancelling the YY Live acquisition is expected to help Baidu put more teeth into its artificial intelligence-centric business and product strategy.

Baidu's $3.6 billion deal with live-streaming platform JOYY was terminated after failing to get "necessary regulatory approvals" before the set deadline.

China’s Baidu cancels $3.6bn purchase of livestreaming site - Business - BEIJING: Chinese internet giant Baidu has said it was cancelling the planned multi-billion-dollar purchase of livestreaming platform YY Live, partly blaming it...

US-based AI startup OpenAIs ChatGPT reached 100 million weekly active users in November last year.