Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Hong Kong’s Travel Platform Klook Closes $200 Million Funding Round Amid Virus Travel Restrictions
Venture Capital Firm Qiming Raises $441 Million for Yuan-Denominated Fund for Startups
Baidu Juices Up Intelligent Driving Tie-Up With BlackBerry
India Permanently Rolls Back Welcome Matt on TikTok, WeChat and Other Chinese Apps
Will Faraday and Geely Team Up in a Possible Replication of Baidu and Foxconn Manufacturing Partnerships?
Chinese Edtech Startup Huohua Siwei Secures $400 Million in Series E Funding Round
Trending in China: Man Fired for Skipping Work to Mourn Father Gets Billion Views
Impressive New York Trading Debut for Chinese E-Cigarette Maker RLX But Challenges Lie Ahead
Self-Driving Tech Startup Uisee Closes $155 Million Funding Round
Trending in China: Gold Mining Rescue Lights Up Weibo
China Evergrande’s NEV Unit Brings Six Investors On Board to Raise $3.4 Billion
Taiwan’s MediaTek Surpasses Qualcomm as China’s Smartphone Chip Supplier of Choice as U.S. Sanctions Bite
Tencent-Backed Esports Startup VSPN Closes $60 Million Funding
Trending in China: Foreign Medical Students Volunteer for Battle Against Virus in Freezing Northeast
Chinese Telcos Look for More Sympathy Under Biden Administration
Gojek, Tokopedia Explore Holding Company Structure as Merger Talks Move Forward
Carmaker BYD to Raise $3.9 Billion Through New Share Sale
Trending in China: Beijing Skating Now On Ice As Covid Restrictions Imposed
Alibaba’s Jack Ma Reemerges After Long Absence
Chinese Mainland Speeds Up Chip Equipment Buying from ASML
Baidu Sets Out Its Ambitions for AI, Cloud Computing, Amid ‘New Infrastructure’ Push

By Ding Yi / Jun 22, 2020 12:42 PM / Business & Tech

Baidu has joined the ranks of China’s big-tech names laying out blueprints for “new infrastructure” projects, a key pillar of the government’s policy to accelerate the tech-driven structural upgrade of China’s economy as part of its recovery from the Covid-19 pandemic.

On Friday, the search giant announced massive plans to increase its investment in artificial intelligence (AI), cloud computing, data centers and chips over the next decade.

A major goal of Baidu’s plan, which did not specify investment amounts, is to have more than 5 million intelligent cloud servers by 2030, by which time China aims to become a global leader in AI, according to a company statement.

By 2030, Baidu cloud servers’ computing capability should be seven times stronger than the combined computing power of the world’s top 500 supercomputers, the statement said.

Baidu also plans to train 5 million AI experts in the next five years, the statement added. The Beijing-based company claimed that it has so far worked with more than 200 Chinese higher education institutions to jointly develop courses related to deep learning and AI.

China’s Ministry of Education approved requests by 180 universities to set up new AI-related undergraduate majors last year, up from just 35 a year ago, the South China Morning Post reported in March, citing a government document. The move was seen as part of Beijing’s renewed efforts to narrow its talent gap with the U.S. amid Washington’s tightening restrictions on the transfer of technology to Chinese companies.

“New infrastructure” refers to infrastructure projects that support tech and science-based developments involving AI, the Internet of Things (IoT), big data, robotics and 5G, among others. Previously, Alibaba and Tencent have unveiled plans to increase their own “new infrastructure” bets.

Contact reporter Ding Yi (

Related: China’s State Grid Pledges $3.5 Billion Investment in Digital Infrastructure This Year

Share this article
Open WeChat and scan the QR code