“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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