Baidu’s founder and CEO paints bullish outlook for AI investments despite recent company troubles


Last month, Baidu started a trial operation for its public self-driving robotaxi service in central China’s Hunan province. The service, involving an initial fleet of 45 autonomous cars, is licensed to operate on open roads within a distance of 50 kilometres and will gradually expand to cover the entire pilot zone of 70 square kilometres in the provincial capital of Changsha. — SCMP

Chinese search engine giant Baidu brushed off recent company troubles to paint a bullish picture of its investments in AI-driven industries including autonomous driving and smart cities amid slowing growth in its mature search business.

The AI-driven smart economy will bring revolutionary changes to human-machine interactions, IT infrastructure and create many new forms of business, Baidu’s chief executive Robin Li said on Sunday at the plenary session of the sixth World Internet Conference (WIC) in Wuzhen, east China’s Zhejiang province.

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