Chinese search giant Baidu launched an inexpensive smart speaker called Xiaodu in Beijing. The speaker’s official price tag is 249 yuan ($39), but Baidu is offering a steep discount for now, selling it for just 89 yuan. As The Information reported previously, this is part of Baidu’s new strategy after it gave up on selling its 1,699 yuan high-end smart speaker, Raven-H. With the low-cost Xiaodu,...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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