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BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia's. One of the people said Baidu, one of China's leading AI firms, which operates the Ernie large language model (LLM), placed the order in August, ahead of widely anticipated new rules by the U.S. government that in October tight...

US restrictions on Nvidia's AI chips have given Huawei an opportunity to gain market share. Huawei has secured a significant AI chip order from Baidu

International Business News: Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that US pressure is promp

Those looking for attractive AI stocks should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.

One of the people said Baidu, one of Chinas leading AI firms, which operates the Ernie large language model (LLM), placed the order in August, ahead of widely anticipated new rules by the U.S. government that in October tightened restrictions on exports of chips and chip tools to China, including those of U.S. chip giant Nvidia.

Those looking for attractive AI stocks should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.

Baidu ordered 1,600 of Huawei Technologies 910B Ascend AI chips - which the Chinese firm developed as an alternative to Nvidias A100 chip - for 200 servers, the source said, adding that by October, Huawei had delivered more 60% of the order, or about 1,000 chips, to Baidu.

Monaco Asset Management SAM purchased a new stake in Baidu, Inc. (NASDAQ:BIDU – Free Report) during the second quarter, HoldingsChannel.com reports. The firm purchased 16,500 shares of the information services provider’s stock, valued at approximately $2,259,000. Baidu accounts for 0.6% of Monaco Asset Management SAM’s holdings, making the stock its 26th largest holding. A number […]

Monaco Asset Management SAM purchased a new stake in shares of Baidu, Inc. (NASDAQ:BIDU – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,500 shares of the information services provider’s stock, valued at approximately $2,259,000. Baidu makes up approximately […]