Baidu Sinks Most Since 2022 Despite Denying Links to PLA AI
- Traders cited an SCMP report about an alleged military tieup
- The US and China are in a conflict over technology such as AI
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Baidu Inc. plunged its most in more than a year after a report linked its Ernie AI platform to key military research, spurring concerns about retaliation from Washington.
The search engine firm, generally considered one of China’s leaders in artificial intelligence development, fell 11.5% Monday despite publicly denying the relationship. Traders in Hong Kong cited a South China Morning Post report about how a university affiliated with the People’s Liberation Army’s Strategic Support Force — which oversees cyberwarfare — had tested its AI system on Baidu’s ChatGPT-like Ernie.