Bloomberg Business

Baidu Says Its AI as Good as ChatGPT in Big Claim for China

Baidu Inc.’s founder Robin Li declared his company’s large language model has finally caught up with OpenAI’s advanced GPT-4, claiming the lead in his country’s race to develop AI that can rival the US.

Israel Latest: Blinken Works on Gaza Aid as Biden Set to Visit

President Joe Biden is set to travel to Israel in a show of solidarity for the US ally after it was attacked by Hamas, while his administration’s top diplomat is working on a plan to get aid to Gaza without it falling into the hands of the militant group.

Ambani’s Youngest Son, Anant, Faces Proxy Firms’ Pushback on Board Seat

Institutional Shareholder Services Inc., an international proxy advisory firm, has recommended that shareholders vote against the proposal to appoint billionaire Mukesh Ambani’s youngest son, Anant Ambani, on the board of the family-controlled Reliance Industries Ltd., underscoring concerns around succession planning at India’s largest company by market value.

RBA Has ‘Low Tolerance’ for Sticky Prices After Pausing Rate

Australia’s central bank considered raising interest rates this month before deciding the case to stand pat was “stronger,” while signaling it’s prepared to tighten further should inflation take too long to return to target.

China Data Likely to Show Fragile Economy in Need of Support

China’s economic growth last quarter probably undershot Beijing’s annual target for 2023 as the property sector and subdued demand weighed on activity, a sign of the recovery’s fragility as the government reportedly mulls more stimulus.

Putin Arrives in China to Meet Xi on Rare International Trip

President Vladimir Putin has arrived in Beijing, according to Chinese state media, a rare trip abroad for the Russian leader who has an arrest warrant issued against him by the International Criminal Court for alleged war crimes in Ukraine.

US and Israel to Develop Plan to Get Aid to Gaza, Blinken Says

The US and Israel agreed to come up with a plan to get badly needed humanitarian aid into the Gaza Strip without it falling into the hands of Hamas, Secretary of State Antony Blinken said after about nine hours of talks with Israeli officials.

Blinken’s Whirlwind Israel Diplomacy Hits Hard Mideast Realities

As the sun set in a polluted haze behind Antony Blinken’s plane on the tarmac of a military airport in Cairo, the US Secretary of State tried to recall exactly how many countries he’d visited as he crisscrossed the Middle East to bolster support for Israel.

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