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Andrew Ng's fund makes first India investment with AI healthcare firm Jivi

Andrew Ng's fund makes first India investment with AI healthcare firm Jivi Oct 8 (Reuters) - Computer scientist Andrew Ng-led AI Fund said on Tuesday it has invested in an Indian artificial intelligence healthcare firm named Jivi, the fund's first such investment in the country. India's booming AI segment is expected to grow more than double to up to $22 billion by 2027, according to a Nasscom-BCG report released earlier this year.
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China ADRs surge after Hong Kong shares jump to 31-month peak

BUZZ-China ADRs surge after Hong Kong shares jump to 31-month peak ** U.S.-listed shares of Chinese companies surge in premarket trading, after Hong Kong stocks rose nearly 3% on Friday to close at their highest level since March 2022 ** The afterglow of China's massive economic stimulus proposals still has not faded, causing this rally .SS ** E-co
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China ADRs fall after recent stimulus-driven rally

BUZZ-China ADRs fall after recent stimulus-driven rally ** U.S.-listed shares of Chinese firms fall premarket, mirroring movement in Hong Kong stocks ** Hong Kong shares fell on Thursday after taking a pause from a rally fueled by fresh stimulus by China ** Stimulus measures were introduced to lend a boost to Chinese economy and benefited domestic
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Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood  

RPT-Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood   Adds digital headline China's $5 billion micro drama industry is booming Bytedance and competitor Kuaishou among successful first movers Companies with Chinese ties creating short videos for U.S. customers Micro dramas often feature revenge or rags-to-riches stories By Antoni Slodkowski ZHENGZHOU, China, Sept 21 (Reuters) - On a film set that resembles the medieval castle of a Chinese lord, Zhu Jian is bus
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Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood  

Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood   China's $5 billion micro drama industry is booming Bytedance and competitor Kuaishou among successful first movers Companies with Chinese ties creating short videos for U.S. customers Micro dramas often feature revenge or rags-to-riches stories By Antoni Slodkowski ZHENGZHOU, China, Sept 21 (Reuters) - On a film set that resembles the medieval castle of a Chinese lord, Zhu Jian is busy disrupting the world's s
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China

UPDATE 3-Tesla shares gain on plans to launch Full Self-Driving in Europe, China Updates shares in paragraph 1 By Akash Sriram Sept 5 (Reuters) - Tesla shares TSLA.O rose more than 6% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators.
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China ADRs rise on state fund buying

BUZZ-China ADRs rise on state fund buying ** U.S.-listed shares of Chinese companies rise premarket trade on heavy buying from sovereign fund Huijin, and expectations of fresh stimulus for the property sector ** State-backed Central Huijin Investment boosted ownership in a handful of blue-chip ETFs, according to the fund manager's mid-year reports
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U.S. Advance Auto Parts, Chewy, Workday

U.S. RESEARCH ROUNDUP-Advance Auto Parts, Chewy, Workday Aug 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Advance Auto Parts, Chewy and Workday, on Friday. HIGHLIGHTS * Advance Auto Parts Inc AAP.N : JP Morgan cuts target price to $43 from $55 * Chewy CHWY.N : Piper Sandler raises to overweight from neutral * Intuit Inc INTU.O : Jefferies raises target price to $790 from $770 * Williams-Sonoma Inc WSM.N : TD Co
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U.S. STOCKS Evogene, Stryker, Opera

BUZZ-U.S. STOCKS ON THE MOVE-Evogene, Stryker, Opera Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured stocks ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole that could offer clues on the possibility of a rate cut next month.
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Baidu Inc reports results for the quarter ended in January - Earnings Summary

Baidu Inc reports results for the quarter ended in January - Earnings Summary Baidu Inc BIDU.OQ reported quarterly adjusted earnings of $21.02​​ per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of CNY22.55. The mean expectation of twenty analysts for the quarter was for earnings of CNY18.44 per share.
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Baidu touts AI edge as ad revenue stalls

UPDATE 3-Baidu touts AI edge as ad revenue stalls Recasts, adds details throughout from the earnings call Aug 22 (Reuters) - Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative AI products.
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China's Baidu beats quarterly revenue estimates

China's Baidu beats quarterly revenue estimates Aug 22 (Reuters) - Search engine giant Baidu 9888.HK , BIDU.O reported quarterly revenue above market estimates on Thursday, signaling some recovery in the Chinese advertising market. Revenue in the second quarter was 33.93 billion yuan ($4.67 billion), compared with analysts' average estimate of 33.55 billion yuan, according to LSEG data.
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Bank of Korea eyed, US yields slide

MORNING BID ASIA-Bank of Korea eyed, US yields slide By Jamie McGeever Aug 22 (Reuters) - A look at the day ahead in Asian markets. The Bank of Korea 's interest rate decision and guidance take center stage in Asia on Thursday, as investors digest revised U.S. jobs data and Fed minutes on Wednesday that fanned hopes that the looming U.S. rate-cutting cycle will be a bold one.
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iQIYI Inc <IQ.OQ> expected to post earnings of 2 fen a share - Earnings Preview

iQIYI Inc expected to post earnings of 2 fen a share - Earnings Preview iQIYI Inc IQ.OQ IQ.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 5.0% decrease in revenue to CNY7.415 billion from CNY7.8 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.
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iQIYI Inc <IQ.OQ> expected to post earnings of 2 cents a share - Earnings Preview

iQIYI Inc expected to post earnings of 2 cents a share - Earnings Preview iQIYI Inc IQ.OQ IQ.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 5.0% decrease in revenue to $7.415 billion from $7.8 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.
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Baidu Inc <BIDU.OQ> expected to post earnings of CNY18.44 a share - Earnings Preview

Baidu Inc expected to post earnings of CNY18.44 a share - Earnings Preview Baidu Inc BIDU.OQ , BIDU.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 1.5% decrease in revenue to CNY33.554 billion from CNY34.06 billion a year ago, according to the mean estimate from 20 analysts, based on LSEG data.
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Auto File: In China, AI takes drivers’ jobs 

Auto File: In China, AI takes drivers’ jobs  By Victoria Walderse Automotive Correspondent Victoria.Waldersee@thomsonreuters.com Greetings from Germany, where I woke up this morning wondering how much electric vehicles will have featured in Elon Musk's interview with Donald Trump on X last night and thrown off my plans for this newsletter. (I am filling in this week while Nick Carey enjoys a much-deserved break.) It seems, however, that the two men - once they got past the technical glitches
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Huawei readies new AI chip to challenge Nvidia in China, WSJ reports

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports Aug 13 (Reuters) - China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia NVDA.O in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing sources. Huawei's latest processor, Ascend 910C, is being tested by Chinese internet and telecom companies in recent weeks, the report said, adding that Huawei has told potential clients that the chip is comp
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China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 2-China's drivers fret as robotaxis pick up pace - and passengers Adds detail on timing of Apollo Go roll-out forecast in the eighth; clarifies that Baidu's response regarded profitability in the 27th By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.
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China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 3-China's drivers fret as robotaxis pick up pace - and passengers Updates Aug. 8 story on Aug. 12 to add comment from Baidu unit Apollo Go in paragraphs 9-11. By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.
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