Baidu shares jump 10% following release of new open-source AI models

Shares of Chinese tech giant Baidu surged 10.7% in Asia following the release of two new AI models, including the latest version of its foundational “Ernie” model and a reasoning model said to rival DeepSeek’s R1. Baidu aims to regain a leading position in China’s AI space, with the new models offering comparable performance at a lower cost, challenging competitors like DeepSeek and Alibaba in the highly fluid AI market. The decision to open-source the models marks a strategic shift for Baidu, as it seeks to establish itself as an industry standard and expand its market share in the AI community.

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