Baidu Inc.'s stock offering in Hong Kong Tuesday marks an unlikely resurgence for founder Robin Li, who has fought his way back to relevance in China's technology industry after squandering a . The Canadian Motley Fool AI pitches have tended to be for either Blackberry (BB) or Open Text (OTEX). We do this to improve browsing experience and to show personalized ads. in the world could be worth 35 Amazons? } For more information, please see our var node = document.getElementsByTagName('script')[0]; this giant leap forward has Wall Street insiders seeing dollar signs. Baidu Inc's Chairman and Chief Executive Officer Robin Li Yanhong (L) attends an event marking the company's listing on Hong Kong Stock Exchange, at its headquarters in Beijing, China March 23 . Learn how your comment data is processed. This site uses Akismet to reduce spam. Every Wednesday and Friday, TechNodes Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Natural language processing (NLP), multi-modal interactive AI assistant and computer vision capabilities have enabled Xiaodu Baidu's signature smart display product to provide elders with immediate assistance and virtual companionship around the clock, improving their quality of life greatly while remotely reassuring family members of their healthy and safety. Learn More. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Oppo Find N2 Flip: Opposfirst foldable impresses with smart design, BYD net profit up 410% y-o-y, but down 44% on previous quarter, Recommended posts with shopping links must be labeled advertising starting May, Germany may restrict export of chip chemicals to China: report, Lifestyle app Xiaohongshu tests group-buy service: report, Vivo V27 Pro: a stylish mid-range offering, Redmi unveils worlds first Harry Potter branded phone, the Note 12 Turbo, Huawei declares return to normal operations in 2023 despite ongoing restrictions, Vivo X90 Pro: Worthy flagship with professional camera, Proudly powered by Newspack by Automattic. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) callback: function (gaSet,gaSend) { //call back when profile is loaded He can often be sighted at tech conferences with a strong coffee in one hand and a laptop in the other. googletag.defineSlot('/58361164/ai-news-Leaderboard-ROS', [728, 90], 'div-gpt-ad-1597413957672-0').addService(googletag.pubads());googletag.pubads().enableSingleRequest(); Baidu isn't expected to be the controlling shareholder in the new venture. googletag.cmd.push(function() { He covered Chinese artificial intelligence, mobility, cleantech, and cybersecurity. .gform_wrapper .gfield { Not consenting or withdrawing consent, may adversely affect certain features and functions. UK fibre: survival of the fittest and fattest? And Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Baidu Apollo Releases Major Product Updates to Help Manufacturers Build Smarter Cars for Tomorrow, Baidu, Inc. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons. Whatin the world could be worth 35 Amazons? And with everything Im hearing coming out of Silicon Valley and Wall Street… I dont feel like Im very far out on a limb with this bold prediction: Five years from now, youll probably wish youd bought this stock. Chinese search giant Baidu is in discussions with investors to raise up to $2 billion over three years for a new biotech company, a person close to the matter told CNBC. But if you want to get in on this opportunity, I encourage you to act quickly. Baidu CEO Robin Li pivoted his entire company to take advantage of it; Reddit and its partners use cookies and similar technologies to provide you with a better experience.
Those growth rates are anemic compared to Baidu's ecosystem rivals Tencent and Alibaba, which are both expected to generate double-digit revenue and earnings growth this year. The CEO of ARK Investments, Cathie Wood, took Bezos further: "We think [it] could approach US$17 trillion in market cap . .videos .byline .content { Reserved. The biotech company will try to use artificial intelligence (AI) and computing to develop drugs and make early-stage diagnoses of diseases such as cancer, the person said. By submitting this form, I acknowledge that I have read and understood the Privacy Policy and subscribe to receive communications from TechForge Media Ltd. We use technologies like cookies to store and/or access device information. }, Why it matters: Baidu has had a rollercoaster of a year, including seeing its share price fall by 36% year to date. Why is Scotland building a memorial for Indian and Pakistani soldiers? . This year, Baidu's stock price has dropped 36 percent. When typing in this field, a list of search results will appear and be automatically updated as you type. Baidu, or any other company, is likely some way off from achieving Lis prediction but its a fascinating insight about AIs potential direction from a tech leader nonetheless. Baidu CEO reportedly tells staff that 'winter is coming' in new year letterBaidu's chief executive Robin Li had a cold warning for employees as they started 2019. Over 200,000 Founders believe so! Paying the transaction fee is not required, but it directs more money in support of our mission. }); Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage; Even super investor Warren Buffett says that it will have a "hugely beneficial social effect . But if you want to get in on this opportunity, I encourage you to act quickly. Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Context: In 2017, the State Council, Chinas cabinet, set out goals aimed at making the country a world leader in AI by 2030. More on that in a second, but Im amazed at how the super-rich are reacting to this technology: When so many successful people are all saying the same thing, it usually pays to listen. Baidu controls over70% of China's online search market, according to StatCounter. by a Stock Gumshoe reader. , , , Pakistans economic crisis likely turning into catastrophe, Atif Mian warns, President writes to PM: Ensure Punjab, KP polls on time to avoid SC contempt, Pakistan eyeing more stringent blasphemy law despite growing outrage. Chinese tech giant Baidu (BIDU 1.35%) is in talks with interested parties to invest up to $2 billion in a biotech start-up over the next three years, according to Reuters. The start-up, which has yet to be named, will reportedly use Baidu's artificial intelligence (AI) tools to develop new drugs, diagnose tumors, and produce other "biological innovations." 'https:' : 'http:') + '//www.googletagservices.com/tag/js/gpt.js'; The development of this AI ecosystem could expand Baidu's search engine beyond PCs and mobile devices, which would widen its moat against Tencent, which is pulling away users with WeChat's Mini Programs and integrated searches, and Alibaba, which turned its online marketplaces into China's largest digital advertising platforms. The company has since implemented a number of cost-cutting measures in an attempt to mitigate risks to its business. She said I wouldnt be able to use my computing knowledge, he explained. As China has made high-tech a pillar of development until at least 2035, Baidu will play a central role. The incident happened at the Baidu Create 2019 . Hey Travis: Do you not reveal MOTLEY FOOL TEASERS any more because they ADVERTISE pn your site? Because the story of the coming boom is already starting to leak out. Li said that Baidu's robotaxi initiative in the central Chinese city of Changsha not only serves to develop the autonomous driving industry but also forces the transport infrastructure as a whole to upgrade . //ccm tag Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. An account was already registered with this email.Please check your inbox for an authentication link. The answer is a radical breakthrough that Wired says is the rocket fuel of the AI.. enable: true This must be a combination of letters and numbers. answer is a radical breakthrough thatWiredsays is the rocket fuel (In 1st place is Jack Ma, the founder and CEO of Alibaba with $36.2 billion.) Baidu was later named one of Chinas AI Champions for its autonomous driving efforts. googletag.enableServices(); The or reviewed by Stock Gumshoe, and any opinions expressed
Baidu CEO Robin Li pivoted pivoted his entire company- which includes $12.9 Million stake to take advantage and Warren Buffet says it will have a "hugely beneficial social effect. All investing involves risk of loss. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Ive laid out the full story on this incredible tech trend in an exclusive report. ONPASSIVE - The Future Of Internet. googletag.cmd.push(function() { Copyright 2023 AI News. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fools board of directors. And you are going to want to see this report before you invest $1 on any tech company. _ml.us.cs && ga(gaSet, 'dimension3', _ml.us.cs); BioMap is an AI-driven research and development platform focusing on precision medicine, co-founded by Baidu CEO Robin Li and former Baidu Ventures CEO Wei Liu in September 2020. (ATF) The CEO of Baidu - China's answer to Google - has formally shared his thoughts on the next 10 years of development of his firm and China's tech sector, making some intriguing forecasts of what the future holds. Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London, and Amsterdam. Details: Li was speaking at the plenary session of the World Internet Conference in the eastern Chinese city of Wuzhen on Sunday. Gene sequencing technology was very rudimentary. CEO of ARK Investments takes Bezos further: We think [it] could approach $17 He's currently the 8th richest man in China. Any update on this pitch? GlobalData forecasts that the market for AI platforms for the entire healthcare industry will reach $4.3bn by 2024, up from $1.5bn in 2019. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons., What in the world could be worth 35 Amazons? gads.async = true; }); Analysts expect Baidu's revenue to rise less than 1% this year but for cost-cutting measures to boost its earnings by 6%. When the old market town was expanded with new shopping malls and housing estates in the 1970s . Hackfest Hackathon News & Online Platform. // _ml.informer = { The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. . Please do not use personal information (like your email address) in the text of your comments. Baidu CEO Robin Li pivoted pivoted his entire company- which includes $12.9 Million stake to take advantage and Warren Buffet says it will have a hugely beneficial social effect. Please, check your inbox! It is still making the rounds. Thats because another company (less than 1/6th the size of Amazon)is producing a component so powerful that we see it as one of the true, enduring leaders in this futuristic technology. Hey Travis! This increase in efficiency can also reduce carbon emissions and curb the negative impact of climate change. Li used the Game of Thrones phrase that winter is coming following a first-quarter loss. WHAT in the world could be worth 35 Amazons?
Billionaire Robin Li launches on March 16 Baidu's conversational chatbot, Ernie Bot, at the company's headquarters in Beijing. More The entire strategy of his company needed to change, and he revamped his enterprise from a back-end search utility to a front-end, consumer-focused provider. googletag.cmd.push(function() { on that in a second, but Im amazed at how the super-rich are reacting to this This year, Baidus stock price has dropped 36 percent. This field is for validation purposes and should be left unchanged. However, Baidu's ad revenue has declined year over year for five straight quarters due to competition from other ad platforms and the slowdown in China's economic growth. _ml.us.pc && _ml.us.pc.length > 0 && ga(gaSet, 'dimension5', _ml.us.pc[0]); We, ,
One or even 100 companies may not be enough. We've recently sent you an authentication link. The Motley Fool has adisclosure policy. She said that I couldnt do anything there. Chinas biggest search engine Baidu is optimistic about its investments in artificial intelligence (AI) despite the companys recent financial troubles and increasing competition from domestic competitors. But iQiyi remains unprofitable -- and the higher mix of iQiyi's revenue is reducing Baidu's margins. And you are going to want to see this report before you invest $1 on any tech company. Baidu was long known in China as a part of BAT -- Baidu, Alibaba and Tencent . Baidu declined to comment when contacted by CNBC. Learn how your comment data is processed. I met with Mr. Ash late last year and asked him directly, What portion of + cd.getDate() + cd.getMonth() + cd.getFullYear(); Li used the Game of Thrones phrase that "winter is coming" following a first-quarter loss. display:none; googletag.cmd.push(function () { The increasing scrutiny from the US over Chinese influence in Western companies and infrastructure, leading to an increasing number of Chinese firms being added to an entity list, may reduce such collaborations. Tencent and Bytedance pose a serious threat to Baidu in competition for revenue as advertisers tighten their belts. position: inherit; Christopher Udemans is TechNode's former Shanghai-based data and graphics reporter. More on that in a second, but Im amazed at how the super-rich are reacting to this technology: When so many successful people are all saying the same thing, it usually pays to listen. At the time, Li applied for a job in Mercks research department and received an offer. Machines can learn peoples way of thinking. Baidu also ranks as the second largest. } Li added that the development of the biocomputing industry requires the combination of ecological and industrial expertise. /*Header Leaderboard (728x90)*/ A Division of NBCUniversal. I write about Motley Fool teasers quite regularly and I outsource the advertising to Google, so we dont even really know who advertises on the site (ads are different for each person who visits, generally speaking). _ml.us.cr && ga(gaSet, 'dimension2', _ml.us.cr); Shark Tanks Ron Cuban says this will create the worldd first Trillionaire. fact,Bezos argues that its hard to overstate the impact of this Please follow this link for our privacy policy. 4 Top Emerging Technologies. "Baidu has been preparing for many years to embrace this digital revolution. mltag.type = 'text/javascript'; mltag.async = true; All Rights Reserved. function gtag(){dataLayer.push(arguments);} would be 35 Amazons. Simply click here to gain instant access to this report. To make the world smarter, happier, and richer. Some parts of the world are facing an aging population issue; China's elderly population is slated to exceed 300 million residents, creating a new challenge that will impact the country's economic growth, social security, public services and more, Li said in his speech. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. [+] an event in Beijing, Thursday, March 16, 2023. Supreme Court rules against immigrants in temporary status seeking green cards. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. The Canadian fools may be using a similar pitch, but this one about a critical component from a company 1/6th the size of Amazon is still for NVIDIA. googletag.defineSlot('/58361164/TheBlockMPUv2', [300, 250], 'div-gpt-ad-1489592495402-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); _ml.eid = '84460'; Li highlighted that the intelligent transformation ushered by AI towards industries and societies is to ultimately fulfil the needs of people, proclaiming that technology is meaningful only if it serves humanity through the creation of more value and contributing towards society. Competition seems to be the more pressing issue, since rival platforms like Tencent'smessaging app WeChat, ByteDance's Douyin (known as TikTok overseas), and the anime and gaming platform Bilibili all generated stronger ad revenue growth than Baidu over the past year. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); Because Ive laid out the full story on this incredible tech trend in an exclusive report. Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. However, these investments could expand its broader AI ecosystem -- which already includes its Apollo driverless platform, domestic robotaxis, DuerOS virtual assistant, Xiaodu smart speakers, and various smart city tools and services. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a . gtag('js', new Date()); Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. During the conference, Li made a rather bold prediction: Artificial intelligence will not destroy human beings but will give people eternal life. Baidu (BIDU) Q4 2022 Earnings Call Transcript, This Company Is Beating Google to Chat-Based Search, and It's Not Microsoft, 5 Spectacular Growth Stocks That Can Make You Richer in 2023, Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, These 2 Banks Are Pulling the Nasdaq Down, Social Security Cuts May Be Coming. The answer is a radical breakthrough thatWiredsays is the rocket fuel of the AI.. Self-driving cars, particularly robotaxis, is one area where Baidu is investing heavily. Li said that Baidus robotaxi initiative in the central Chinese city of Changsha not only serves to develop the autonomous driving industry but also forces the transport infrastructure as a whole to upgrade, the SCMP reported. The companies said that their collaboration will be based on the AI-powered biological computing engine from BioMap combined with the structure-based drug discovery (SBDD) platform from Viva Biotech. In that context, it makes sense for Baidu to expand its AI services into the digital healthcare market. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ Chinese search giant Baidu on Thursday . Invest better with The Motley Fool. "Amazons Jeff Bezossurprised investors recently when he revealed that one emerging technology is the key to Amazons future success.In fact,Bezos argues that its hard to overstate the impact of this game-changing technology. Chinas State Council released a roadmap two years ago aimed at making the country a global AI leader by 2030 as it ramps up competition with the US. The key takeaways. Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry. window.dataLayer = window.dataLayer || []; A recent Thematic report states: Advances in AI and Machine Learning will significantly lower the cost of developing and testing new biotech products, and the leading players in this sector are all making significant investments in data science.. This site uses Akismet to reduce spam. /*articlepage mpu*/ Intel onboards Arm for chip manufacturing, Drone startup Zipline raises $330m at $4.2bn valuation, China Telecom joins AI race with plans to launch own ChatGPT-like service, OpenAI raises $300m at over $27bn valuation, 50 fintech experts share industry predictions for 2023, Whos hiring who? Baidu CEO Robin Li introduces the functions of Ernie Bot below the words for "Join Ernie Bot" during . That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine.
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