With Ernie 4.5 and X1, Baidu is betting on affordability to speed up AI adoption in China. The Chinese tech giant says its latest Ernie model outperforms GPT-4.5 while costing just 1% as much.

CoreWeave's debut has been eagerly awaited by investors as a sign of the strength of the AI trade as well as the appetite for new IPOs. Data on Friday stoked fresh fears of an inflation surge ...