Cellecor Gadgets Limited, a homegrown player in the consumer durables industry, has expanded its footprint with new launches. The company has announced Juicer Mixer Grinder models as a result of Cellecor’s commitment to providing a complete technology solution and the positive feedback it received from clients following initial Mixer Grinder introduction. “With the lifestyle landscape evolving, Mixer Grinders have become a necessity of every household for making every kind of delicacy at home. Moreover, COVID-19 has raised great awareness about adopting a healthy lifestyle and witness, a major part of it also caters to drinking healthy juices That’s one of…
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Baidu: How AI has reduced profits of one of the largest Chinese technology companies by half |
Baidu Inc, one of the biggest Chinese technology companies, reportedly experienced a 48% decline in profit, a figure worse than anticipated. According to a report in Bloomberg, this drop underscores the mounting expenses associated with training and developing artificial intelligence (AI) systems to fend off competitors in the rapidly growing AI field.In the last quarter of 2023, Baidu reported a net income of 2.6 billion yuan (equivalent to $361 million). While these projections missed, a significant portion of the shortfall resulted from equity accounting for preferred shares. Despite this setback, Baidu managed to achieve a 6% increase in revenue. The…