ai

Baidu may be the world’s most unloved AI stock

29 Feb 2024

China's $36 bln search-engine operator lags leaders like Microsoft but is making progress on its answer to ChatGPT. Yet the stock plunged 8% despite decent results and it now trades below 10 times forward earnings. Blame a rout in Chinese equities and overly high expectations.

AI hype embellishes Il Makiage IPO

6 Jul 2023

It’s a good time for Oddity Tech, the fast-growing makeup brand’s owner, to highlight its machine learning algorithms for new investors. These features should help put a dewy finish on a $1.5 bln valuation from January 2022. In time, however, the techy gloss will fade away.