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Baidu sues its former SVP for stealing self-driving trade secrets and using them in his US-based startup

Baidu is suing its former senior vice-president (SVP) for RMB 50 million for stealing its autonomous driving trade secrets and using them to fuel its new venture which is now Baidu’s direct competitor in the self-driving field. Wang Jin was previously posted as the general manager of Baidu’s autonomous driving unit and many of Baidu’s […]

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Baidu Waimai said to merge with Ele.me

Baidu is currently in negotiations to sell its delivery service Waimai to its competitor Ele.me backed by Alibaba and Ant Financial, according to financial magazine Caijing (in Chinese). Neither Baidu or Ele.me has confirmed the news so far, but Weibo users have already renamed the new company “eduzi”(饿度子), a pun on the two company’s names. The […]

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Another key Baidu AI figure has stepped down

Lin Yuanqing, former director of Baidu’s Institute of Deep Learning (IDL) overseeing the Chinese tech giant’s endeavor in facial recognition technology, has stepped down, local media is reporting. Lin will move onto starting his own venture, with the aim to apply artificial intelligence (AI) to the upgrade of traditional industries. Baidu has lost a couple of key leaders in recent months. In […]

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Baidu signs strategic partnership agreements to accelerate autonomous driving

Chinese tech giant Baidu announced signing strategic cooperation agreements with two of China’s leading automotive companies, BAIC Group and Xiamen King Long United Automotive Industry Co., Ltd. (“King Long”). Baidu and BAIC Group, one of the largest automakers in China, will mass-produce vehicles with Level 3 autonomous features around 2019 and fully autonomous Level 4 cars […]

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Xiaomi and Baidu team up to create an AI+IoT ecosystem

Xiaomi presented its new IoT strategy today announcing its cooperation with Baidu. During Xiaomi’s first IoT Developer Conference since 2015, Baidu’s Chief Operating Officer Lu Qi said that the two companies will cooperate on application scenarios, Xiaomi’s intelligent hardware, big data and smart devices ecosystem in combination with Baidu’s AI technology, big data, intelligent mapping […]

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China’s answer to Tesla just won two financing deals in one month from Baidu and Tencent

Another Chinese aspirant to Tesla’s throne, Weltmeister (威马汽车) has just announced a second funding round within a month. Three weeks ago the electric car startup announced to have secured funding from Baidu while the latest round led by Minmetals Capital, Tencent and Sequoia Capital was announced today. Weltmeister has also reached an agreement for strategic […]