In today’s briefing:
- Baidu’s AI Shake-Up: Can ERNIE 4.5 Turbo Outmaneuver DeepSeek & Alibaba?
- Kayou Pre-IPO: Financials and Other Metrics Outputs
Baidu’s AI Shake-Up: Can ERNIE 4.5 Turbo Outmaneuver DeepSeek & Alibaba?
- Baidu is intensifying its AI initiatives with the launch of ERNIE 4.5 Turbo and ERNIE X1 Turbo, aiming to solidify its position in China’s competitive AI landscape.
- These models boast enhanced multimodal capabilities and are priced significantly lower than competitors, with ERNIE 4.5 Turbo costing just 1% of GPT-4.5’s price.
- In a strategic shift, Baidu plans to open-source ERNIE 4.5 by June 30, 2025, and has made its ERNIE Bot free for individual users.
Kayou Pre-IPO: Financials and Other Metrics Outputs
- Kayou Inc., a founder led IP-themed trading card company, plans to go public in Hong Kong. The company’s financial profile and profitability are unique among its mid-cap peers.
- The company reported 2024 revenue of RMB10,057m, up 278% y/y, driven by an increase in sales of trading cards, corresponding to an increase in their sales volume.
- Kayou Inc. appears to have a decent runway for growth. Companies with both “elite” gross profit margins and higher revenue growth would tend to trade at higher multiples.
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