HK Stock Market Move | BIDU-SW (09888) rose more than 5% in the morning trading session. Robotaxi may be introduced to the UAE, with testing possibly starting in Dubai as early as the first half of the year.

BIDU-SW (09888) rose more than 5% in the morning session, up 5.12% to HKD 93.45 by the time of publication, with a trading volume of HKD 3.14 billion. On the news front, it was reported that the media recently met with Baidu founder Robin Li in Dubai, who gave a keynote speech on the latest technology trends and how AI is reshaping the world. The report stated that Baidu is in discussions with the UAE on the operation of Siasun Robot&Automation's robotaxi service in Dubai, with testing potentially starting as early as the first half of 2025. In addition, there are reports that Baidu plans to launch a new generation of AI models in the second half of this year. This model will be upgraded based on "Wenxin Yiyuan 5.0" and is expected to significantly improve in multi-model capabilities. The new generation AI model will be able to handle the combination and conversion of text, video, images, and sound, with stronger language understanding abilities compared to the basic model, and able to generate text and images for more efficient communication.