vested
Top executive behind Baidu's artificial intelligence drive steps aside
By Cate Cadell
Source: Reuters
https://finance.yahoo.com/news/top-exec ... nance.html
“Baidu is likely to see its core online marketing business strengthen this year as it regains customers lost amid its health-care ad scandal in 2016”.
“Margins should improve as Baidu sheds tangential businesses and focuses investment on AI projects that complement its core products”.
“The vision for AI is to ensure people have more equal access to technologies and its capabilities,” said Li.
On autonomous driving, safety should be the “first law”, he said. About half of the coding for the company’s co-developed self-driving bus with King Long United Automotive Industry are related to safety, he said. The bus is nearing mass production, he said.
Baidu is also working with the government to improve smart infrastructure, building sensors into more roads with the goal of bringing down the cost of autonomous cars and improve the accuracy in identifying objects, according to Li.
Baidu also said that there is no schedule for the submission of the CDR application and the plan could change based on the market and other conditions.
Baidu currently has almost 70& market share.
With a population of 1.4 billion people, China is home to 772 million internet users, the biggest online community in the world.
Even if Google were to launch search in China now, it’s unclear if people would use it. Since its departure, Baidu has come to dominate traditional search while many users have turned away from desktops in favour of using specific mobile apps.
That includes looking through Meituan-Dianping for food, Alibaba Group Holding's Taobao Marketplace and Tmall for e-commerce, Jinri Toutiao for news and Tencent Holdings' WeChat for most other things.
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