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Baidu has raised money for its artificial intelligence semiconductor business at a valuation of $2 billion.The funding round was led by CPE, a Chinese asset management and private equity firm.Now that the Kunlun chip business has raised money, it could pave the way for the unit to be spun-off, but no final decision has been made.GUANGZHOU, China —Baidu has raised money for its artificial intelligence semiconductor business at a valuation of $2 billion, a person familiar with the matter told CN

Stock inTesla is lower after CNBC reported that the electric-vehicle company had a firein its Fremon

- Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package.Following strong gains in the prior session, technology shares dipped in the resumption of a rotation by investors out of stocks that outperformed due to the coronavirus pandemic and into others viewed as likely to do well as the economy recovers. The S&P 500 materials and consumer staples sector indexes rose.“Part of

CNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why Chinese consumers bought electric cars from Tesla competitors Nio, Li Auto and Xpeng.Local government policy support for license plates and charging infrastructure is another factor.BEIJING — Chinese consumers thinking about whether to buyTesla’s electric cars or local alternatives have two things at the top of t

The automaker sold only 2,000 there last year Tesla is the dominant electric car brand in most globa