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Former Vice President of Baidu’s Suspected of Corruption

22Apr By PriyankaNo Comments

CHINA

Former Vice President of Baidu’s Suspected of Corruption

A former executive at China's internet search giant Baidu is being investigated for corruption, the company said. Ex-Baidu vice president Wei Fang is under suspicion of corruption following internal investigations, and his case has been handed over to public authorities, said the firm's professional ethics committee in a statement to AFP. Baidu vowed it would "resolutely crack down on all violations of law and discipline", but did not give further details of Wei's alleged wrongdoing. The case comes just weeks after it was revealed that a top executive at Starbucks competitor Luckin Coffee might have faked 2.2 billion yuan (USD 310 million) worth of sales last year, causing the shares of the NASDAQ-listed firm to plummet over 70 per cent. The former chief operating officer and s...

Shanghai and Baidu Enter an Agreement Focusing AI Development

28Nov By Gauri SinghNo Comments

CHINA

Shanghai and Baidu Enter an Agreement Focusing AI Development

The Shanghai municipal government and Chinese technology major Baidu have reportedly signed a strategic cooperation agreement for the purpose of developing artificial intelligence (AI) industry in the city and giving it a boost. Following the agreement, a Baidu innovation center will be built to make Shanghai a major AI development center. The company will also help Shanghai in building smart city. Shanghai has talent from home and abroad and is open to the world, which provides a conducive environment for the company's future development, said Robin Li, chairman and CEO of Baidu. "Baidu will increase its research and development investment, land more new modes, applications and products in Shanghai so as to make bigger contributions to the AI industry development and mega-city mana...

6Nov By Gauri SinghNo Comments

CHINA

Ford Ties Up with Baidu to Test Driverless Vehicle in China

The popular US-based automaker Ford has tied up with China’s largest search engine Baidu for a two-year autonomous vehicle test project in China. The president and CEO of Ford Autonomous Vehicles named Sherif Marakby announced the partnership with Baidu's vice president and general manager of its Intelligent Driving Group Li Zhenyu on Wednesday in Beijing. Following the deal, the two companies will further advance the development and on-road testing of autonomous vehicles in China, the world's biggest auto market. The collaboration is synced with Ford's plans to further advance and promote autonomous vehicle technologies, supporting the company's vision of designing "smart vehicles for a smart world”. "Working with a leading tech partner like Baidu allows us to leverage new opportun...

Baidu Enters into a Strategic Partnership with NetEase Cloud Music

13Oct By Gauri SinghNo Comments

CHINA

Baidu Enters into a Strategic Partnership with NetEase Cloud Music

China’s largest search engine Baidu has entered into a strategic partnership with one of China's major music live streaming services known as NetEase Cloud Music. Following this partnership, Baidu stated that the high-quality content of NetEase Cloud Music will reach hundreds of millions of users by virtue of Baidu's app, information flow and video platform. This will be beneficial for both the parties. Firstly, the companies will cooperate in the intelligent hardware sector. NetEase Inc will remain the controlling shareholder in NetEase Cloud Music after the investment, whereas Baidu will hold the position of a strategic partner. The basic idea of Baidu is to expand its presence in content. Prior to this, the company has invested in a series of video-sharing platforms, such as Ba...

Baidu and BYD Partner for Mass Production of Autonomous Cars

7Sep By Gauri SinghNo Comments

CHINA

Baidu and BYD Partner for Mass Production of Autonomous Cars

China’s largest technology company and search engine Baidu Inc and China's leading electric car maker BYD have announced their plan that bothr the companies are partnering with an aim to start mass producing self-driving cars in the coming three years' time. It was last year that Baidu had launched Project Apollo, which was titled after the Apollo moon landing project. The project was started to mark the start of its push to get self-driving cars on the road in China. A technician from Baidu informed that Project Apollo will offer the software platform that can be used by car manufacturers. Baidu has already manufactured more than 100 autonomous buses and has plans to sell to foreign markets, including Japan, which is set to receive 10 in early 2019. Apart from BYD, China’s Google ha...

2Aug By Gauri SinghNo Comments

CHINA

China’s Baidu Saw a Growth in Q2 Revenue with AI Boost

Baidu, the largest online search engine in China announced the reports of its total revenue and claimed that it hit 26.0 billion yuan ($3.93 billion), a rise of 32 percent year-on-year in the second quarter of this year. Around 77 percent of the total net revenues arrived from the mobile revenue which was 72 percent for the same period last year. "We had another strong quarter in Q2 with search exhibiting robust revenue growth driven by artificial intelligence-powered monetization capabilities and Baidu feed continuing strong traffic and monetization momentum," said Robin Li, chairman and CEO of Baidu. The net income received by Baidu was 6.4 billion yuan, risen by 45 percent year-on-year in the second quarter. The online marketing revenues were 21.1 billion yuan, which saw a 25 perce...

Baidu Partners With US Chipmaker to Bolster Project Apollo

12Jul By Gauri SinghNo Comments

CHINA

Baidu Partners With US Chipmaker to Bolster Project Apollo

Amercian data conversion and signal processing company Analog Devices (ADI) has entered into a collaboration memorandum of understanding (MOU) with China’s biggest technology company Baidu, for the purpose of improving and developing the Chinese company’s autonomous driving technologies. The partnership was taken forward on Tuesday and it is expected to bolster the autonomous driving solutions for Project Apollo, Baidu’s autonomous driving system platform, including sensor fusion, algorithms and ecosystem partners. The US and the Chinese company will together share resources and set up sensing and navigation applications such as RADAR and LIDAR for Project Apollo, and also and digital signal processing (DSP) products. “ADI offers groundbreaking advantages in autonomous driving, cabin e...

5Jul By Gauri SinghNo Comments

CHINA

China’s Baidu To Launch Autonomous Bus Service Apolong

Chinese technology giant, Baidu announced on Wednesday that the company has started with the massive production of Apolong, China’s very first autonomous mini-buses and will be launched very soon. The bus will seat 14 people in total and will carry passengers from tourist areas, parks, industrial campuses, airports and other locations. The Apolong is a level four autonomous vehicle, which means that the vehicle can work in enclosed places safely without any human interaction. "2018 marks the first year of commercialisation for autonomous driving. From the mass production of Apolong, we can truly see that autonomous driving is making great strides -- taking the industry from zero to one," said Robin Li, CEO of Baidu. The Apolong will be about one-third of the size of a normal bus and w...

29Jun By Gauri SinghNo Comments

CHINA

Ford and Baidu Partner To Build Smarter Cars in China

The American Multinational automaker, Ford has signed a contract with China’s biggest search engine company Baidu to introduce artificial intelligence and smart connectivity in cars in China. Ford is one of the most trusted auto company in the world and has claimed that it would develop new in-vehicle infotainment systems and digital services which will be based on Baidu's voice-interaction system, DuerOS. The Ford owners in China can make use of these features. The feature will enable the people to communicate and command their vehicles using natural language and allow people to easily access information and services that they need in daily life. "As part of our 'In China, For China' strategy, we look forward to working closely to offer smart products and solutions that can make pe...

22Jun By Lavina TolaniNo Comments

CHINA

China’s Baidu Tests Self-Driving Cars on Expressway

China’s search engine major, Baidu Inc. on Thursday tested its two self-driving cars on an unused expressway in north China's Tianjin City. As informed by the company, this was the very first time for Baidu's automated cars to be tested on the Tangshan-Langfang expressway which is scheduled to open later this year. The trial run conducted will enable developers to collect data on the car's performance in sensing the environment and self-control and positioning, a senior engineer with within the road test team said. Meanwhile, the Chinese giants have been quietly testing vehicles in China and trying to take over Silicon Valley tech giants. The companies battling a head-on competition with each other include Baidu, Tencent and Alibaba, all of which are investing heavily in the technolo...

19May By Gauri SinghNo Comments

CHINA

COO Qi Lu walks away from Baidu

China’s top search engine Baidu stated that it’s former Microsoft executive Qi Lu will abdicate from his position and will no longer work for the same after July 2018. Talking about Baidu, it is a famous search engine based in China which is also known as the China's Google. They have rich experience in Chinese language searching and shares 80% of China search engine market. In a social media posting, Lu proclaimed that he joined the company in late 2016 and is now leaving the role in July due to some personal and family reasons. It’s been said that he is planning to spend more time with his family in the US. In this context, he stated, “For my next steps, I plan to work in research and investment areas, to help advance our shared mission to make a complex world simpler through te...

Fintech Startup Circle Introduces Crypto US Dollar

16May By Lavina TolaniNo Comments

USA

Fintech Startup Circle Introduces Crypto US Dollar

The Goldman Sachs Backed startup Circle has announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain on Tuesday. The company is rolling out a digital version of the U.S dollar with a cryptocurrency pegged to it. Interestingly, Circle is one of the most well-funded blockchain startups with Baidu and Goldman Sachs at its foreman investors. The fintech company is involved in its peer-to-peer payment network operations using blockchain, the technology that underpins bitcoin. Circle founders @psneville and @jerallaire took the stage at #Consensus2018 earlier today to announce Circle USDC, a price-stable tokenized US dollar coin. Learn more about it here: https://t.co/8fZN6vDryb — Circle (@circlepa...