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Baidu (NASDAQ: BIDU) is positioning itself as a serious contender in the global AI competition with the open-source release of its AI model Ernie, which could give the stock a new momentum. While western providers like OpenAI and Alphabet rely on expensive subscription models, Baidu is taking the opposite approach: making powerful generative AI more affordable and openly accessible. If this approach succeeds, it could not only shake the market logic of its US competitors but also relieve millions of consumers from monthly fees. For investors, this...
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