Latest news with #ErnieX1
Yahoo
19-05-2025
- Business
- Yahoo
Cathie Wood Bets Big on This Chinese Tech Stock as Trade Tensions Ease
May 19 - Cathie Wood's Ark Autonomous Technology & Robotics ETF has quietly snapped up 30,217 shares of Baidu (NASDAQ:BIDU), valued at about $2.7 million, according to a recent report. The move comes as U.S.-China trade tensions ease: Washington has slashed tariffs on Chinese goods from 145 percent to 30 percent, while Beijing cut its duties on U.S. imports from 125 percent to 10 percent. Warning! GuruFocus has detected 3 Warning Signs with BIDU. Ark's flagship Innovation ETF (ARKK) has lagged this year, up just 1 percent versus a 1 percent gain for the S&P 500. Over the past 12 months, that fund saw net outflows of $2.0 billion, reflecting lingering skepticism about its aggressive bets. Baidu shares are roughly flat in recent sessions but have climbed 6 percent year-to-date. Wood's team cites Baidu's push into artificial intelligence and autonomous driving, areas where the company has rolled out its Ernie X1 and Ernie 4.5 AI models, as key catalysts. Wood, known for backing disruptive themes like robotics and genomics, sees China's market reopening and technology innovation as fertile ground. While some investors question her timing, this latest purchase underscores her conviction that Baidu can leverage easing trade barriers to accelerate its AI and mobility ambitions. Based on the one year price targets offered by 31 analysts, the average target price for Baidu Inc is $113.43 with a high estimate of $207.96 and a low estimate of $75.98. The average target implies a upside of +26.97% from the current price of $89.34. Based on GuruFocus estimates, the estimated GF Value for Baidu Inc in one year is $119.92, suggesting a upside of +34.23% from the current price of $89.34. For deeper insights, visit the Baidu Forecast page. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Cathie Wood Bets Big on This Chinese Tech Stock as Trade Tensions Ease
May 19 - Cathie Wood's Ark Autonomous Technology & Robotics ETF has quietly snapped up 30,217 shares of Baidu (NASDAQ:BIDU), valued at about $2.7 million, according to a recent report. The move comes as U.S.-China trade tensions ease: Washington has slashed tariffs on Chinese goods from 145 percent to 30 percent, while Beijing cut its duties on U.S. imports from 125 percent to 10 percent. Warning! GuruFocus has detected 3 Warning Signs with BIDU. Ark's flagship Innovation ETF (ARKK) has lagged this year, up just 1 percent versus a 1 percent gain for the S&P 500. Over the past 12 months, that fund saw net outflows of $2.0 billion, reflecting lingering skepticism about its aggressive bets. Baidu shares are roughly flat in recent sessions but have climbed 6 percent year-to-date. Wood's team cites Baidu's push into artificial intelligence and autonomous driving, areas where the company has rolled out its Ernie X1 and Ernie 4.5 AI models, as key catalysts. Wood, known for backing disruptive themes like robotics and genomics, sees China's market reopening and technology innovation as fertile ground. While some investors question her timing, this latest purchase underscores her conviction that Baidu can leverage easing trade barriers to accelerate its AI and mobility ambitions. Based on the one year price targets offered by 31 analysts, the average target price for Baidu Inc is $113.43 with a high estimate of $207.96 and a low estimate of $75.98. The average target implies a upside of +26.97% from the current price of $89.34. Based on GuruFocus estimates, the estimated GF Value for Baidu Inc in one year is $119.92, suggesting a upside of +34.23% from the current price of $89.34. For deeper insights, visit the Baidu Forecast page. This article first appeared on GuruFocus.
Yahoo
17-04-2025
- Business
- Yahoo
Applied Generative AI Course Launched by Interview Kickstart - 2025 Best GenAI Course With Agentic AI Projects For Top AI Jobs at Google Meta Netflix Microsoft OpenAI Nvidia
Santa Clara, April 17, 2025 (GLOBE NEWSWIRE) -- Santa Clara, California - Following the recent announcement that Chinese technology giant Baidu has released two new artificial intelligence models, Interview Kickstart has highlighted the timely update of its Applied GenAI course designed to prepare tech professionals for the rapidly evolving AI landscape. To learn more visit: Baidu's release of its multimodal foundational model Ernie 4.5 and multimodal reasoning model Ernie X1 marks another significant milestone in the global AI race. The company claims these models outperform competitors like DeepSeek and OpenAI on several benchmark platforms including CCBench and OCRBench. This development comes amid intensifying competition in China's AI market, where DeepSeek, Alibaba, Tencent, and ByteDance are all vying for dominance. "The continuous advancement of AI models like Baidu's Ernie 4.5 and Ernie X1 demonstrates why specialized AI knowledge has become essential for technology professionals across all sectors," said a spokesperson for Interview Kickstart. Interview Kickstart's updated Applied GenAI program addresses this market need through domain-specific learning pathways tailored for different technical roles. Software engineers can access specialized content relevant to backend, frontend, full stack, and test engineering positions. Technical product managers benefit from curriculum specifically designed for their role requirements, while machine learning engineers and data scientists can pursue an advanced generative AI path. The comprehensive curriculum covers critical technologies driving the current AI revolution, including deployment of large language models (LLMs), neural networks, AI engineering fundamentals, LangChain, Agentic AI, Retrieval-Augmented Generation (RAG), and other emerging generative AI frameworks—many of which underpin systems like Baidu's newly released models. "Baidu's announcement that Ernie 4.5 will become open source from June 30th reflects a broader industry trend toward open-source AI development," noted the Interview Kickstart spokesperson. "This shift, which Baidu CEO Robin Li acknowledged was influenced by DeepSeek's success with open-source models, will likely accelerate innovation and adoption—making it even more crucial for tech professionals to develop expertise in these technologies." The Applied GenAI course includes 60+ hours of live learning, providing participants with direct access to industry experts who can contextualize developments like Baidu's recent announcements. Additionally, 20+ hours of project-based learning and 10+ practical assignments ensure that participants gain hands-on experience implementing the technologies they study. As companies worldwide integrate increasingly sophisticated AI capabilities into their products and services, these practical skills are becoming differentiators in the job market. The pricing strategies employed by companies like Baidu and DeepSeek—with Baidu offering its Ernie X1 model at half the price of DeepSeek's comparable offering—highlight the business considerations that technical professionals must now understand when deploying AI solutions. "The competition between Baidu, DeepSeek, OpenAI, and others is driving rapid innovation in AI capabilities while simultaneously pushing prices down," explained the Interview Kickstart spokesperson. "This creates tremendous opportunities for professionals who understand not just how to implement these technologies, but how to strategically select and deploy them based on business requirements and cost considerations." Interview Kickstart's Applied GenAI program equips participants with this dual perspective, combining technical proficiency with strategic insight. As Baidu's founder notes the importance of broader adoption in the AI space, Interview Kickstart's course prepares professionals to lead this adoption within their organizations. For technology professionals looking to remain competitive in a landscape being reshaped by advancements like Baidu's new models, Interview Kickstart's Applied GenAI course offers a structured pathway to developing the expertise that employers increasingly demand. For more information visit: About Interview Kickstart Interview Kickstart provides live classes with over 100,000 hours of pre-recorded video lessons. This helps provide flexibility and in-depth learning options that enhance their chances of acing the tech interviews. Further, Interview Kickstart offers 1:1 sessions to its learners, focusing on personalized guidance, resume building, and LinkedIn profile optimization. With a 6-10 month support period, the learners benefit from mock interviews, ongoing mentorship, and industry-aligned projects. This holistic approach prepares them to tackle real-world challenges and secure roles in FAANG and top tech companies. ### For more information about Interview Kickstart, contact the company here:Interview KickstartBurhanuddin Pithawala+1 (209) 899-1463aiml@ Patrick Henry Dr Bldg 25, Santa Clara, CA 95054, United States CONTACT: Burhanuddin PithawalaSign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Cathie Wood buys $12 million of surging China tech stock
Cathie Wood, the head of Ark Investment Management, usually focuses on U.S. tech stocks. Sometimes, she also sees opportunities outside the U.S., with one of her biggest targets overseas being China, the second largest economy in the world. That was what she did last week. She bought $12 million shares of a Chinese tech stock. Wood's flagship fund, the Ark Innovation ETF () , is down 17.41% year-to-date as of March 31, while the Nasdaq Composite and S&P 500 lost 10.42% and 4.59% during the same period, respectively. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Opinions on Wood vary. To her supporters, she is a visionary with a remarkable 153% return in 2020. However, her longer-term performance has raised doubts about her aggressive, opportunistic approach. As of March 31, Ark Innovation ETF, with $6 billion under management, has delivered an annualized three-year return of negative 10.47% and a five-year return of 2.08%. In comparison, the S&P 500 index has a three-year annualized return of 9.06% and a five-year return of 18.09%. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' analyst Amy Arnott calculated that Ark Innovation ETF destroyed $7 billion of shareholder wealth over the 10-year period ended in 2024. That put the ETF as No. 3 on her wealth destruction list for mutual funds and ETFs during that period. Wood has expressed optimism about a shift to looser regulation under Donald Trump's presidency. She said on March 4 that the Trump administration could be even better for investors than Ronald Reagan's pro-business era, according to Bloomberg. 'The Reagan revolution — and I was there and it was so enjoyable — it was the heyday, the golden age of active equity management,' Wood said. 'That's coming back. I think it's coming back big time. I think this will dwarf that, and that was pretty good.' But not all investors share Wood's confidence. The Ark Innovation ETF has seen a net outflow of $2.44 billion over the past 12 months through March 28, according to ETF research firm VettaFi. On March 24, Wood's Ark funds bought 129,451 shares of Baidu Inc () . That chunk of stock is valued at roughly $11.9 million. Baidu, China's largest search engine, has been making developments in its artificial intelligence and autonomous mobility. The tech giant recently launched its AI model, Ernie X1, and the advanced version, Ernie 4.5, challenging peers like OpenAI and DeepSeek. Baidu claimed that the Ernie X1 'delivers performance on par with DeepSeek R1 at only half the price.' This isn't Wood's first bet into Baidu or the broader Chinese market. Over the years, her relationship with Chinese stocks has been a rollercoaster of bold bets and the early 2020s, Wood was bullish on Chinese tech giants, building significant stakes in companies like Baidu, Tencent, and By early 2021, her funds held nearly 5 million Baidu shares worth $1 billion, driven by optimism about China's overall stock market surge and Baidu's push into electric vehicles via its Jidu Auto joint venture with Geely, which parallels her Tesla investment. However, Wood's China investment was hit hard in 2021 as Beijing intensified its regulatory crackdown on tech firms, and she gradually reduced her stakes. By the third quarter of 2022, ARK had completely exited its position in Baidu. Wood's recent purchase marks the first time she has bought Baidu shares in more than two years. Wood recently told Bloomberg about how Robin Li, Baidu's CEO, is working to grow Baidu's self-driving business. More Automotive: Tesla's Elon Musk offers Americans cheaper cars, robot friends Veteran trader takes hard look at Tesla stock price amid slump, controversy Tesla orders massive Cybertruck recall due to dangerous discovery "We had a conversation very recently with Robin Li and his team and we understand how competitive the market is in China for both autonomous mobility and large language models. But we are looking at how Robin Li is pushing the envelope. Wuhan is the toughest in China. He can take learnings from that robotaxi experience into other markets," Wood said. "We believe that autonomous mobility in the next 5 to 10 years is going to scale globally to an $8 to $10 trillion market. If Baidu were to get any of that market even outside of China in the rest of Asia, we think that's not at all discounted in the stock," she added. Baidu stock is up 11.28% in to access your portfolio
Miami Herald
01-04-2025
- Business
- Miami Herald
Cathie Wood buys $12 million of surging China tech stock
Cathie Wood, the head of Ark Investment Management, usually focuses on U.S. tech stocks. Sometimes, she also sees opportunities outside the U.S., with one of her biggest targets overseas being China, the second largest economy in the world. That was what she did last week. She bought $12 million shares of a Chinese tech stock. Wood's flagship fund, the Ark Innovation ETF (ARKK) , is down 17.41% year-to-date as of March 31, while the Nasdaq Composite and S&P 500 lost 10.42% and 4.59% during the same period, respectively. Don't miss the move: Subscribe to TheStreet's free daily newsletter Opinions on Wood vary. To her supporters, she is a visionary with a remarkable 153% return in 2020. However, her longer-term performance has raised doubts about her aggressive, opportunistic approach. As of March 31, Ark Innovation ETF, with $6 billion under management, has delivered an annualized three-year return of negative 10.47% and a five-year return of 2.08%. In comparison, the S&P 500 index has a three-year annualized return of 9.06% and a five-year return of 18.09%.Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income Morningstar's analyst Amy Arnott calculated that Ark Innovation ETF destroyed $7 billion of shareholder wealth over the 10-year period ended in 2024. That put the ETF as No. 3 on her wealth destruction list for mutual funds and ETFs during that period. Wood has expressed optimism about a shift to looser regulation under Donald Trump's presidency. She said on March 4 that the Trump administration could be even better for investors than Ronald Reagan's pro-business era, according to Bloomberg. "The Reagan revolution - and I was there and it was so enjoyable - it was the heyday, the golden age of active equity management," Wood said. "That's coming back. I think it's coming back big time. I think this will dwarf that, and that was pretty good." But not all investors share Wood's confidence. The Ark Innovation ETF has seen a net outflow of $2.44 billion over the past 12 months through March 28, according to ETF research firm VettaFi. On March 24, Wood's Ark funds bought 129,451 shares of Baidu Inc (BIDU) . That chunk of stock is valued at roughly $11.9 million. Baidu, China's largest search engine, has been making developments in its artificial intelligence and autonomous mobility. The tech giant recently launched its AI model, Ernie X1, and the advanced version, Ernie 4.5, challenging peers like OpenAI and DeepSeek. Baidu claimed that the Ernie X1 "delivers performance on par with DeepSeek R1 at only half the price." This isn't Wood's first bet into Baidu or the broader Chinese market. Over the years, her relationship with Chinese stocks has been a rollercoaster of bold bets and retreats. Related: Cathie Wood sells $16 million of megacap tech stock In the early 2020s, Wood was bullish on Chinese tech giants, building significant stakes in companies like Baidu, Tencent, and By early 2021, her funds held nearly 5 million Baidu shares worth $1 billion, driven by optimism about China's overall stock market surge and Baidu's push into electric vehicles via its Jidu Auto joint venture with Geely, which parallels her Tesla investment. However, Wood's China investment was hit hard in 2021 as Beijing intensified its regulatory crackdown on tech firms, and she gradually reduced her stakes. By the third quarter of 2022, ARK had completely exited its position in Baidu. Wood's recent purchase marks the first time she has bought Baidu shares in more than two years. Wood recently told Bloomberg about how Robin Li, Baidu's CEO, is working to grow Baidu's self-driving business. More Automotive: Tesla's Elon Musk offers Americans cheaper cars, robot friendsVeteran trader takes hard look at Tesla stock price amid slump, controversyTesla orders massive Cybertruck recall due to dangerous discovery "We had a conversation very recently with Robin Li and his team and we understand how competitive the market is in China for both autonomous mobility and large language models. But we are looking at how Robin Li is pushing the envelope. Wuhan is the toughest in China. He can take learnings from that robotaxi experience into other markets," Wood said. "We believe that autonomous mobility in the next 5 to 10 years is going to scale globally to an $8 to $10 trillion market. If Baidu were to get any of that market even outside of China in the rest of Asia, we think that's not at all discounted in the stock," she added. Baidu stock is up 11.28% year-to-date. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
