Leading artificial intelligence company Baidu on Sept. 30 announced that its Smart Living Group (SLG) has entered into definitive agreements with CPE, Baidu Capital and IDG Capital for Series A financing at a post-money valuation of approximately 20 billion yuan ($2.9 billion.)
Life sciences company BioMap was formally announced on Sept. 25, led by Baidu CEO Robin Li as chairman and Baidu Ventures (BV) CEO Liu Wei as co-founder and CEO.
Xiaoli Ping, Vice President of Baidu and General Manager of Baidu App, answered questions about the recent progress of Baidu App’s smart mini program in the afternoon group interview session of Baidu World 2020 on Sept. 15.
Baidu, Inc. on Sept. 15 held its annual technology conference, Baidu World 2020, in cooperation with CCTV via livestreaming, showcasing its latest innovations in the AI sphere.
Baidu on Sept. 10 launched the Apollo Go Robotaxi service in Apollo Park in Beijing, covering nearly 100 pick-up and drop-off stations in Yizhuang, Haidian and Shunyi districts.
After conducting over 519,000km of road tests in Beijing, Baidu’s Apollo Go Robotaxi service was approved for phase 2 of autonomous vehicle road tests with passengers on board on Aug. 24.
Baidu offers trial service of robotaxi in Changsha, Beijing and Cangzhou, stepping up its game for autonomous driving alongside domestic players AutoX and DiDi Chuxing, as well as US car maker Waymo and Tesla.
China’s search engine and AI giant Baidu Inc. on Thursday posted a 1% year over year decrease in its total revenue to 26 billion yuan (3.69 billion) for the second quarter of 2020 ending June 30, falling slightly below the Wall Street estimates of $3.7 billion.
Robin Li, co-founder and CEO of Baidu Inc., gave a keynote speech themed “New Infrastructure, The New Starting Point of Artificial Intelligence” at the WAIC cloud summit on July 9.
On the evening of May 21, Reuters reported that Baidu was considering delisting from NASDAQ to boost its valuation. Baidu responded to The Economic Observer later claiming this was a false rumor.
Chinese search engine giant Baidu Inc. (BIDU) Monday reported a 7% year-on-year decline in its total revenue to 22.5 billion yuan ($3.18 billion) for the first quarter of 2020, beating Wall Street estimates of $3.1 billion.
Baidu Research announced Tuesday, April 21, the launch of an AI-powered video synthesis tool Vidpress on its short video app Haokan that will allow users to produce professional video content from URLs.