})(); Maybe BB? 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. would be 35 Amazons. The CEO of ARK Investments, Cathie Wood, took Bezos further: "We think [it] could approach US$17 trillion in market cap . The CEO of ARK Investments further.We think it could approach $17 trillion in market cap- which Baidu's multi-faceted AI solutions are collectively addressing the socio-economic and environmental challenges faced by the modern world, to ultimately accomplish better living and sustain high-quality development for all of mankind. Back in 2017, the CEO of ARK Investments even said: "We think . } In July, AI News reported that Baidu will help develop Intels Nervana neural processor. This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or other advice. Bytedance takes on Baidu with investment in Wikipedia-like Hudong Baike. All investing involves risk of loss. Nonetheless, Baidu is pushing forward with its AI ambitions, including its costly autonomous driving program after launching a robotaxi pilot in central China. WHAT That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine. Baidu plans to expand its robotaxi ride-hailing services across 30 cities in China in two to three years to serve a wider range of users. Baidu CEO Robin Li beamed into the virtual venue in "Xirang," Baidu's metaverse product released in November, to talk about his vision for AI in the next ten years. _ml.us.dm && ga(gaSet, 'dimension4', _ml.us.dm); and our We want to hear from you. We, , The One or even 100 companies may not be enough. } Tencent-backed WeDoctor, Alibaba's healthcare unit, JD.com's JD Health, and Ping An Good Doctor are all developing various apps for accessing online prescriptions, drug deliveries, medical insurance, appointment bookings, and more to meet those demands. In light of this year's WAIC theme, "Intelligent Connectivity, Inspirational Cities", Li contended that the value of AI to human society extends far beyond economic growth, stating his belief that the social value of AI deeply correlates with the human desire for a better life. I met with Mr. Ash late last year and asked him directly, What portion of Rex Mooreowns shares of Baidu. Links to outside information and information share are welcome, soliciting is forbidden -- Stock Gumshoe cannot serve as an exchange for buying, selling or trading information beyond what you post in your comments for public view. When typing in this field, a list of search results will appear and be automatically updated as you type. Baidu has since not only been asking employees to fly economy rather than business, and not to stay in five-star hotels, but even to reduce the number of paper towels and cups theyre using in the office. Robin Li, CEO and founder of Chinese internet giant Baidu, says he has realised a lifelong dream by entering the field of AI-enabled structure-based drug discovery (SBDD). _ml.us.ins && _ml.us.ins.length > 0 && ga(gaSet, 'dimension9', _ml.us.ins[0]); Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Baidu has since not only been asking employees to fly economy rather than business, and not . }); Robin Li, chief executive officer of Baidu. _ml.us.cr && ga(gaSet, 'dimension2', _ml.us.cr); 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. It remains the leader in Chinese search, however, and No. _ml.eid = '84460'; Robin Li, CEO and founder of Chinese internet giant Baidu, says he has realised a lifelong dream by entering the field of AI-enabled structure-based drug discovery (SBDD). 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. Biodegradable plastics can ease this problem, contributing to the goal of a . 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. With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry. _ml.us.tp && _ml.us.tp.length > 0 && ga(gaSet, 'dimension1', _ml.us.tp[0]); "Baidu has been preparing for many years to embrace this digital revolution. (Image Credit: Fortune Global Forum 2013 by Stefen Chow/Fortune Global Forum under CC BY-ND 2.0 license). John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fools board of directors. Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake -- to take advantage . CEO says this is worth 35 Amazons. Amazon's Jeff Bezos stunned Baidu Reveals 4 New Artificial Intelligence Technologies first publisher to tease NVIDIA, back in 2014. In line with its vision to facilitate the low carbon transition in society for long-term sustainable development, Baidu has announced its goal to achieve carbon neutrality in its operations by 2030. Why is Scotland building a memorial for Indian and Pakistani soldiers? Baidu founder and CEO says now is the time for AI-powered SBDD drug margin-bottom: 1rem; AI News provides artificial intelligence news and jobs, industry analysis and digital media insight around numerous marketing disciplines; mobile strategy, email marketing, SEO, analytics, social media and much more. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a . gtag('js', new Date()); Please, check your inbox! are those of the author alone. Speaking at a conference in Suzhou earlier today, Li announced funding and partnerships for his new firm BioMap, which he says will develop a "global immunity map" and . Learn how your comment data is processed. A consortium led by the chief executive of Chinese search giant Baidu Inc. dropped its $2.3 billion bid to buy out the company's video-streaming operation after investors criticized it as a . 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. These days, Tai Po is one of Hong Kong's most agreeable districts. Please do not use personal information (like your email address) in the text of your comments. Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. mltag.type = 'text/javascript'; mltag.async = true; technology is the key to Amazons future success. With the full backing of the Chinese government, its understandable why Li continues to be bullish about Baidus AI investments. The CEO said he is optimistic about AIs effects on society, explaining that he expects the technology to improve peoples lives. googletag.defineSlot('/58361164/ainews-Homepage-HalfPage-(300x600)-Middle', [300, 600], 'div-gpt-ad-1597413031575-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); CEO of ARK Investments takes Bezos further: We think [it] could approach $17 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. Baidu becomes the first Chinese firm to join US-led A.I. body Travis, none of those are. Analysts expect Baidu's revenue to rise less than 1% this year but for cost-cutting measures to boost its earnings by 6%. this giant leap forward has Wall Street insiders seeing dollar signs. //ccm informer Baidu was later named one of Chinas AI Champions for its autonomous driving efforts. CEO Robin Li delivered a speech at the Emerging Engineering International Forum 2021, hosted by his alma mater Peking University, where he spoke about the engineering mindset that drives Baidu 's business and the company's commitment to cultivating five million AI talent in the next five years, contributing to China's growth as a . Because Ive laid out the full story on this incredible tech trend in an exclusive report. Li also spoke about the impactful role Baidu Apollo has been playing as many Chinese cities continue to construct world-class intelligent traffic systems. Get this delivered to your inbox, and more info about our products and services. Li highlights that self-driving vehicles dont just provide an opportunity itself but also has a knock-on effect of requiring urban transport infrastructure, especially the software, to be updated.. The company posted its first quarterly loss in the second quarter since it went public in the US in 2005. 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. Baidu is also rapidly developing a new intelligent vehicle, and we estimate that everyone will be able to experience the arrival of new species, 'robo-vehicles', in two to three years," he added. We've recently sent you an authentication link. According to its website, the company strives to accelerate the development of new therapeutics and diagnostic products through the integration of novel AI advancements and frontier biotechnologies. It has cooperated with more than 50 global early-stage technology companies and scientific research teams to accelerate academic discoveries in biomedical technology. In The company . 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? Wired sys it is the Rocket Fuel of the AI. Hey Travis: Do you not reveal MOTLEY FOOL TEASERS any more because they ADVERTISE pn your site? Currently, one ADS represents eight Class A ordinary shares. 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? Hongkong-handover-10years-economy This picture taken 14 May, 2007 shows 78-year-old Tai Yum-po sitting on his bed in a "cage dwelling", in one of the. Baidu isn't expected to be the controlling shareholder in the new venture. In fact, Bezos argues that its hard to overstate the impact of this game changing technology. //send custom event to ga } 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. And you are going to want to see this report before you invest $1 on any tech company. 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? We do this to improve browsing experience and to show personalized ads. , , , 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. Li was speaking at the plenary session of the sixth World Internet Conference (WIC) in Wuzhen, east Chinas Zhejiang province. Everything every person has said and done, even peoples memories, emotions and consciousness, can be digitally stored on network disks or the cloud. Powerful algorithms can be used to scan medical images or help develop drugs faster than humans can. , , , , Five planets line up with Moon in night sky, A deeper lesson behind celebrating Womens History MonthWomens History Month. SHANGHAI, July 8, 2021 /PRNewswire/ -- Robin Li, the Co-founder and CEO of Baidu, Inc. (NASDAQ:BIDU and HKEX:9888), today said that AI will undoubtedly become the transformative force revolutionizing future human development over the next 40 years during his keynote speech at the annual World Artificial Intelligence Conference (WAIC). _ml = window._ml || {}; var gads = document.createElement('script'); Theyve been teasing or recommending all three for years, and in fact the Fool was probably the first publisher to tease NVIDIA, back in 2014 when they were first getting involved in autonomous driving systems. This must be a combination of letters and numbers. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), Robin Li is the CEO and cofounder of Baidu, China's top search engine and one of the world's most popular websites. callback: function (gaSet,gaSend) { //call back when profile is loaded And the good news is that you can find out all about this company and this incredible technology today. And youll find out how one legendary investor is preparing for this incredible opportunity. A Magazine for Scholarly, Literary, Political, Economic and Religious Activities. /*Header Leaderboard (728x90)*/ googletag.defineSlot('/58361164/TheBlock-MPU-News', [300, 250], 'div-gpt-ad-1489408127638-0').addService(googletag.pubads()); Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage; Even super investor Warren Buffett says that it will have a "hugely beneficial social effect" When so many successful people are all saying the same thing, it usually pays to listen. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Baidu, Bilibili, JD.com, and Tencent Holdings. For more information, please see our on that in a second, but Im amazed at how the super-rich are reacting to this Baidu CEO Robin Li pivoted his entire company which includes his $7 billion stake to take advantage of it Even super investor Warren Buffett says that it will have a "hugely . Cookie Notice googletag.defineSlot('/58361164/ai-news-Leaderboard-ROS', [728, 90], 'div-gpt-ad-1597413957672-0').addService(googletag.pubads());googletag.pubads().enableSingleRequest(); Learn More. He is responsible for the company's overall business strategy and operations. In the 11 years since founding Baidu with Eric Xu, Robin has turned the company into China's largest search engine, with over an 80% market share. googletag.defineSlot('/58361164/TheBlock-Leaderboard-ROS', [728, 90], 'div-gpt-ad-1489409100207-0').addService(googletag.pubads()); 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. Ive laid out the full story on this incredible tech trend in an exclusive report. This year, Baidus stock price has dropped 36 percent. Baidu Launches Its Answer To ChatGPT, But Shares Take A Tumble - Forbes I got this e-mail from MF, anybody know the 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. Baidu's interest in funding an AI-powered biotech start-up will likely draw comparisons to Alphabet 's investments in its life science subsidiaries Calico, which researches . Policy Factory C-Suite Advisory August 5, 2019. Billionaire and Baidu CEO Robin Li on Thursday . I believe we are in the right place at CEO Says This Is Worth "35 Amazons" - The Motley Fool Canada United States - 7380 W Sand Lake Rd, Suite 500-529 Orlando, FL 32819, USA, Singapore - ONPASSIVE Pte Limited 32 PEKIN STREET #05 - 01, SINGAPORE 048762, India - ONPASSIVE Technologies Pvt. /*Home Left DMPU (300x600)*/ Since making this change in 2001, Baidu has gone on to become one of the most . }; //ccm tag This one is just another in the long run of AI ads that the Fool has run for years, it doesnt seem to offer anything new but I imagine it is still peddling the same special report recommending NVIDIA (NVDA), though some of their past AI special report teases have also thrown Alphabet (GOOG) and Facebook (FB) in as big players in AI. During the conference, Li made a rather bold prediction: Artificial intelligence will not destroy human beings but will give people eternal life. Robin Li Yanhong (Chinese: ; pinyin: L Ynhng; born 17 November 1968) is a Chinese software engineer and billionaire internet entrepreneur.He is the co-founder of the search engine Baidu. AI is expected to open up new revenue avenues for Baidu amid slowing growth in its traditional search business. Li added that the development of the biocomputing industry requires the combination of ecological and industrial expertise. Li used the Game of Thrones phrase that "winter is coming" following a first-quarter loss. googletag.defineSlot('/58361164/ai-news-MPU-top', [300, 250], 'div-gpt-ad-1597413589964-0').addService(googletag.pubads()); That's 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 . Amazons Jeff Bezos surprised investors recently when he revealed that one emerging technology is the key to Amazons future success. 4 Top Emerging Technologies - CEOWORLD magazine 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. googletag.defineSlot('/58361164/TheBlockMPUv2', [300, 250], 'div-gpt-ad-1489592495402-0').addService(googletag.pubads()); More by Chris Udemans. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Find him on Twitter (@Gadget_Ry) or Mastodon (@gadgetry@techhub.social). . Ltd. DSR Inspire, Plot No: 21, Sector: 1, Hitech City Rd, HUDA Techno Enclave, Madhapur, Hyderabad, Telangana 500081, INDIA, Dubai - Burj Khalifa, Floor 134, 1 Sheikh Mohammedbin Rashid Blvd - Downtown Dubai - Dubai - United Arab Emirates, Data Analytics, Visualizations, Data Warehousing, Global Diversity, Equity, and Inclusion Initiatives by ONPASSIVE, A Shark Tank billionaire says it will create the worldsfirsttrillionaire, Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage, Even super investor Warren Buffett says that it will have a hugely beneficial social effect. In this regard, AI solutions are proven to be highly dependable in providing health monitoring, rehabilitation care, emergency aid, emotional support and meal or transport assistance for elders. The answer is a radical breakthrough thatWiredsays is the rocket fuel of the AI.. /*articlepage mpu*/ Individual investment results may vary. Got a confidential news tip? Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Hongkong-handover-10years-economy This picture taken 14 May, 2007 shows 78-year-old Tai Yum-po and Kong siu-kan chat outside "cage dwellings", in one. })(); 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. BEIJING, Aug. 18, 2021 /PRNewswire/ -- Today, Baidu held its annual flagship technology conference, Baidu World 2021, where Co-founder and CEO Robin Li unveiled his vision for mobility of the . Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage of it . googletag.defineSlot('/58361164/TheBlock', [300, 600], 'div-gpt-ad-1489572146069-0').addService(googletag.pubads()); Sign in with a password below, or sign in using your email. Sign up for free newsletters and get more CNBC delivered to your inbox. UK fibre: survival of the fittest and fattest? Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry. Amazons The Motley Fool has a disclosure policy. Li revealed that his interest in biocomputing was sparked more than 25 years ago when he was still working as a programmer on Wall Street. the right time and In It to Win It!! Baidu posts 25 per cent rise in quarterly revenue as it continues pivot Tai Po | Hong Kong Tourism Board googletag.enableServices(); // Currently disabled Latest news and trends about tech in China. 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. But if you want to get in on this opportunity, I encourage you to act quickly. Hackfest Hackathon News & Online Platform. Baidu controls over70% of China's online search market, according to StatCounter. Does anyone know what company this could be? It is still making the rounds. In fact, Bezos argues that its hard to overstate the impact of this game-changing technology. It might seem odd for Baidu to invest money in AI-powered biotech tools considering the challenges it's facing. 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. Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. By signing up, you agree to our privacy policy. ONPASSIVE will be operated by AI? He replied, 100%!. The company would be a standalone entity rather than a subsidiary of Baidu, the source said. This will be driven by the use of AI by healthcare providers and payers, which is forecast to reach $2.9bn by 2024. Energy Secretary and PDP-Laban vice chairman Alfonso Cusi said - Reddit By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Copyright 2023 AI News. Baidu is traded on the NASDAQ Global Select Market under the symbol "BIDU", and on the main board of the Hong Kong Stock Exchange under the stock code "9888". }); (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. Artificial intelligence will not destroy human beings but will give people eternal life Everything every person has said and done, even peoples memories, emotions and consciousness can be digitally stored on network disks or the cloud. We hope to build an open biocomputing innovation ecosystem between scientists and entrepreneurs to explore the vast no mans land of life sciences.. googletag.cmd.push(function () { Robin Li, CEO of Baidu, speaks in detail about the launch and growth of the company and the search engine. Robin Li - Forbes (function () { The company has been incubating the idea over the past six months, and CEO Robin Li is personally overseeing its development. 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" When so many successful people are all saying the same thing, it usually pays to listen 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. Baidu CEO Engineers $66 Billion Comeback After Missteps // .cmplz-hidden{display:none!important;} @-webkit-keyframes bgslide{from{background-position-x:0}to{background-position-x:-200%}}@keyframes bgslide{from{background-position-x:0}to{background-position-x:-200%}}.wpp-widget-placeholder,.wpp-widget-block-placeholder{margin:0 auto;width:60px;height:3px;background:#dd3737;background:linear-gradient(90deg,#dd3737 0%,#571313 10%,#dd3737 100%);background-size:200% auto;border-radius:3px;-webkit-animation:bgslide 1s infinite linear;animation:bgslide 1s infinite linear} The CEO said he is optimistic about AI's effects on society, explaining that he expects the technology to improve people's lives. He's currently the 8th richest man in China. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. googletag.enableServices(); gads.type = 'text/javascript'; GUANGZHOU, China Chinese internet search giant Baidu is in discussions with investors to raise up to $2 billion over three years for a new biotech company, CNBC has confirmed. AI is the Transformative Force Revolutionizing Future Human Development m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) googletag.pubads().enableSingleRequest(); This year, Baidu's stock price has dropped 36 percent. CEO Says This Is Worth 35 Amazons | The Motley Fool Australia 762 Tai Po District Premium High Res Photos - Getty Images Baidu declined to comment when contacted by CNBC. The COVID-19 crisis also highlighted a growing need for digital upgrades across China's sprawling healthcare system. Baidu co-founder and CEO Robin Li believes the future of road transport is robotic. trillion in market cap which would be 35 Amazons.. 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. (function(f,i,c){var a=decodeURIComponent,e="",l="",o="||",g=";;",h="split",b="length",j="indexOf",k=0,n="localStorage",m="_ccmdt";f[c]=f[c]||{};function d(q){var p;if(f[n]){return f[n][q]||""}else{p=i.cookie.match(q+"=([^;]*)");return(p&&p[1])||""}}f[c].us={};e=a(d(m))[h](o);k=e[b];if(k>0){while(k--){l=e[k][h]("=");if(l[b]>1){if(l[1][j](g)>-1){f[c].us[l[0]]=l[1][h](g);f[c].us[l[0]].pop()}else{f[c].us[l[0]]=l[1]}}}}})(window,document,"_ml"); In fact,Bezos argues that its hard to overstate the impact of this game-changing technology. When there are new problems, people can talk to future generations across time and space via technology.. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. He believes that AI will bring revolutionary changes to how humans and machines interact and act as a force for good. The answer is a radical breakthrough that Wired says is the rocket fuel of the AI.. The individual was not authorized to speak publicly about the project.