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Can Baidu Make ‘Traffic Jams a Thing of The Past’ and Turn Finances Around?

By Anniek Bao / Sep 21, 2020 05:48 PM / Business & Tech

“AI-powered technology will make traffic jams a thing of the past,” said Baidu Inc. CEO Robin Li at a tech forum last week.

Li is counting on it. His internet firm, a dominant force in the PC era when its search engine was a popular gateway to the internet, has in recent years hemorrhaged business to the largely walled-off mobile ecosystems of Tencent Holdings Ltd. and Alibaba Group Holding Ltd.

The company sees smart vehicles as a lifeline, judging by its latest financial reports.

Li carved out a blueprint for the “intelligence of everything” as part of a media blitz for its self-driving car platform Apollo this month, as the search engine giant intensifies efforts to transform into an AI specialist.

A driverless taxi service running on its Apollo platform was last week given the green light to operate in Beijing, the third city in the country to do so.

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Contact editor Marcus Ryder (marcusryder@caixin.com)


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