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Baidu, Ford Invest $150M In Detection Tech For Autonomous Cars

As tech giants like Baidu and Google refine the technology to make fully autonomous cars feasible, one important barrier still stands between research and mass production: affordability. On Tuesday, Baidu and Ford announced a $150 million USD joint investment in Velodyne LiDAR, Inc., a Silicon Valley-based company that develops laser-based LiDAR (Light Imaging, Detection, and Ranging) […]

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Baidu Announces New Autonomous Car Team In Silicon Valley

Chinese search engine Baidu Inc. announced on Friday the formation of a team in Silicon Valley focused on R&D for autonomous cars. The team will be part of Baidu’s newly-created Autonomous Driving Unit (ADU). With the announcement, Silicon Valley becomes Baidu’s home turf for both their self-driving car team and Baidu Research’s Silicon Valley AI Lab (SVAIL). Baidu has […]

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China’s Internet Giants Back A Smartphone On Four Wheels

Baidu earned a neat three percent bump in stock prices on Thursday after they recorder higher-than-expected revenues. One project that they’ll be spending the cash on is their driverless car unit, a research and development effort spanning between the U.S. and China. “We believe that the automobile is the next major computing platform,” said CEO Robin Li during […]

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The Chinese Government Wants A 100 Billion RMB AI Market By 2018

China’s artificial intelligence industry received a huge boost of validation from the government on Wednesday, which announced its plans to create a “100 billion level” ($15 billion USD) artificial intelligence market by 2018. According to state-owned media Xinhua News Agency, the government plans to roll out projects in smart home applications, smart cars, unmanned systems, wearables, […]

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Baidu Invests $3 Million In Israeli Startup Pixellot

Baidu has backed its first Israeli startup, investing US$3 million in video technology company Pixellot, according to a report by Reuters. The Tel Aviv-based video technology company will use the money to develop its unmanned cameras and technology for large outdoor events. The move reflects a sharp rise in Chinese companies investing in Israel over the […]