Baidu Unveils New AI Models to Challenge DeepSeek in China's Tech Race
China’s Baidu has launched two advanced AI models, intensifying the country’s fierce competition in artificial intelligence. The new ERNIE X1 model, designed for deep reasoning, is said to rival DeepSeek R1 but at half the cost. Meanwhile, the upgraded ERNIE 4.5 model boasts superior multimodal capabilities, improved logic, and even a high “EQ” for understanding memes and satire. Despite claiming performance on par with GPT-4, Baidu’s AI efforts have struggled to gain traction.
Bank of China Launches $6.9 Billion Fund to Boost Tech Startups
The Bank of China has established a 50 billion yuan ($6.9 billion) fund to invest in technology startups, expanding its previous 30 billion yuan commitment. This move aligns with Beijing’s push to strengthen the private economy and achieve technological self-sufficiency amid geopolitical tensions with the U.S. The announcement follows the Industrial and Commercial Bank of China’s recent launch of an 80 billion yuan innovation fund.
China’s Naura Rises in Global Chipmaking Rankings Amid US Tensions
Naura Technology Group has climbed to sixth place among the world’s largest semiconductor equipment suppliers, up from eighth in 2023, as China accelerates efforts for self-reliance in chip manufacturing. The state-backed company is set to see a 40% revenue surge in 2024, making it the only Chinese firm in the global top 10. Industry leader ASML, along with U.S. giants Applied Materials and Lam Research, still dominate.
Tesla Fights Back in China with Cheaper Model Y and Baidu AI Partnership
Tesla is doubling down on China amid slumping sales, unveiling plans for a 20% cheaper Model Y and strengthening its partnership with Baidu to enhance autonomous driving. The new Model Y, set for 2025 production, aims to counter rising competition from local EV makers like BYD and Xiaomi. Meanwhile, Baidu engineers are working to improve Tesla’s Full Self-Driving system with better mapping data to address regulatory hurdles and consumer complaints. As China’s EV market tightens, Tesla’s ability to innovate and adapt will determine whether it can reclaim its position in the world’s largest EV market.
Apple to Introduce Live Translation for AirPods in iOS 19 Update
Apple is developing a new AirPods feature that will enable real-time language translation, set to launch with an upcoming software update alongside iOS 19, Bloomberg reports. The upgrade aims to enhance communication across languages, a capability rival Google’s Pixel Buds have offered for years. This move is part of a broader software overhaul expected later this year, which will also bring a redesigned interface for iPhones, iPads, and Macs. Apple continues to expand AirPods’ functionality, following last year’s update that turned AirPods Pro 2 into personalized hearing aids.
AI Transforms Oil & Gas Drilling, Unlocking New Opportunities
Artificial intelligence is revolutionizing oil and gas drilling, enabling companies to operate more efficiently and tap previously unviable sites, industry leaders revealed at the CERAWeek conference in Houston. BP now uses AI to steer drill bits and predict well issues, while Devon Energy leverages machine learning to extend well productivity by 25%. Chevron has deployed AI-powered drones to detect emissions and reduce downtime. AI is also accelerating offshore exploration, cutting seismic data analysis from months to weeks. As industry leaders warn, companies that fail to embrace AI risk falling behind in the rapidly evolving energy sector.
Turkey Probes Netflix, Disney+, and Amazon Over Competition Violations
The Turkish Competition Board has launched an investigation into major subscription-based streaming platforms, including Netflix, Disney+, and Amazon, over potential violations of competition law. Following a preliminary inquiry, authorities are examining whether these providers, along with local platforms BluTV, Exxen, and Gain, engaged in anti-competitive practices through exclusive agreements and other restrictive measures. The outcome could have significant implications for the country’s streaming industry.
