Baidu shares jump 10% following release of new open-source AI models

• Baidu released two new artificial intelligence models on Sunday, including one with reasoning capabilities that it said rivaled DeepSeek’s R1 model. 
• According to Kai Wang, a senior equity analyst for Morningstar, Baidu’s stock jump is likely a delayed market reaction to the new models as the company vies to regain leadership in China’s AI space. 

Shares of Chinese tech giant Baidu were trading up 10.7% in Asia on Tuesday, as investors appeared to react positively to the…