Baidu in March became the first Chinese company permitted to offer robotaxi rides to paying customers by a local government.
Baidu received the country’s first permit for commercial robotaxi services, a major milestone for Chinese self-driving car industry.
Baidu could eventually charge people to ride in its robotaxis—a milestone for the costly, years-long quest of self-driving cars.
Baidu on Thursday unveiled a new robotaxi model, called Apollo Moon, with a manufacturing cost significantly lower than competitors.
Baidu announced Monday that it will partner with automaker Geely to make smart EVs, expanding its push into a booming industry.
Baidu still gets most of its revenue from advertising, but cloud services are driving growth and its plays on AI could pay off in a few years.
In this earnings episode, the guys welcome back Michael Norris to discuss September quarter earnings for Baidu, Tencent, and Alibaba. They also answer some listener questions towards the end about which company will benefit the most from opening walled gardens as China ramps up antitrust regulations.
China issued fines to companies including Alibaba, Tencent, and Didi Chuxing, who were involved in 10 investment deals that violated antitrust laws.
China’s leading search engine Baidu is rushing to lead the race in popularizing driver-assistance features on consumer cars.
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.