(ATF) The CEO of Baidu - China's answer to Google - has formally shared his thoughts on the next 10 years of development of his firm and China's tech sector, making some intriguing forecasts of what the future holds. Robin Li, CEO of Baidu, speaks in detail about the launch and growth of the company and the search engine. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. var useSSL = 'https:' == document.location.protocol; Cision Distribution 888-776-0942 Hiring activity related to environmental sustainability increased by 17% in the technology industry in Q3 2022, EU proposes new regulations for generative AI, AI infrastructure startup Pinecone draws $100m in funding, Russian court fines Wikipedia for seventh time over Ukraine invasion article. He believes that AI will bring revolutionary changes to how humans and machines interact and act as a force for good. In January, Baidu CEO Robin Li warned that winter is coming referring to the troubles from a slowing economy and the fallout from a prolonged US-China trade war. In this regard, AI solutions are proven to be highly dependable in providing health monitoring, rehabilitation care, emergency aid, emotional support and meal or transport assistance for elders. googletag.defineSlot('/58361164/ai-news-MPU-(300x250)2-Middle', [300, 250], 'div-gpt-ad-1597413789574-0').addService(googletag.pubads()); Robin Li is the CEO and cofounder of Baidu, China's top search engine and one of the world's most popular websites. mltag.type = 'text/javascript'; mltag.async = true; Self-driving cars, particularly robotaxis, is one area where Baidu is investing heavily. 10 Things You Didn't Know About Baidu Founder Robin Li - Money Inc The Canadian Motley Fool AI pitches have tended to be for either Blackberry (BB) or Open Text (OTEX). Baidu Announces Autonomous Driving Milestones at Baidu World 2021 To make the world smarter, happier, and richer. While this is definitely impressive, he's not the richest man in China. (In 1st place is Jack Ma, the founder and CEO of Alibaba with $36.2 billion.) Today, the field of biocomputing also has three key indicators that are growing rapidly, which together promote biocomputing to create greater value for mankind, he said. Smart transportation solutions have been shown to facilitate a 15% improvement in traffic efficiency, which translates into a 2.4% GDP growth, demonstrating considerable commercial value to society. When there are new problems, people can talk to future generations across time and space via technology.. And with everything Im hearing coming out of Silicon Valley and Wall Street… I dont feel like Im very far out on a limb with this bold prediction: Five years from now, youll probably wish youd bought this stock. gads.type = 'text/javascript'; If it's geeky, hes probably into it. CEO Says This Is Worth 35 Amazons Baidu Inc's Chairman and Chief Executive Officer Robin Li Yanhong (L) attends an event marking the company's listing on Hong Kong Stock Exchange, at its headquarters in Beijing, China March 23 . And Baidu also ranks as the second largest. The company posted its first quarterly loss in the second quarter since it went public in the US in 2005. I got this e-mail from MF, anybody know the stock? WHAT in the world could be worth 35 Amazons? }; Billionaire Robin Li launches on March 16 Baidu's conversational chatbot, Ernie Bot, at the company's headquarters in Beijing. BioMap is an AI-driven research and development platform focusing on precision medicine, co-founded by Baidu CEO Robin Li and former Baidu Ventures CEO Wei Liu in September 2020. Supreme Court rules against immigrants in temporary status seeking green cards. WIC: Baidu CEO remains bullish of company's AI investments - AI News in the world could be worth 35 Amazons? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ would be 35 Amazons. We do this to improve browsing experience and to show personalized ads. Maybe BB? In fact, Bezos argues that its hard to overstate the impact of this game changing technology. AI & ML Development Company | The Future of Internet | ONPASSIVE Key Points. } margin-bottom: 1rem; googletag.cmd.push(function() { Baidu CEO Robin Li pivoted his entire company which includes his $7 billion stake to take advantage of it Even super investor Warren Buffett says that it will have a "hugely . ga(gaSend, {'hitType': 'event', 'eventCategory': 'CCM', 'eventAction': 'Loaded Profile', 'nonInteraction': 1}); var gads = document.createElement('script'); Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake -- to take advantage . Get a code sent to your email to sign in, or sign in using a password. /*Home Left DMPU (300x600)*/ Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. And the good news is that you can find out all about this company and this incredible technology today. The Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage; Even super investor Warren Buffett says that it will have a "hugely beneficial social effect . Not long ago, we launched Apollo Moon, the newest generation of Baidu's robotaxis that aims to create a fully autonomous ride-hailing service that will be more affordable than existing vehicle-for-hire platforms. In fact,Bezos argues that its hard to overstate the impact of this game-changing technology. I believe we are in the right place at enable: true The individual was not authorized to speak publicly about the project. Robin Li, chief executive officer of Baidu. s.parentNode.insertBefore(mltag, s); }); Because Ive laid out the full story on this incredible tech trend in an exclusive report. or reviewed by Stock Gumshoe, and any opinions expressed ONPASSIVE - The Future Of Internet. Robin Li - Co-Founder, Chairman & CEO @ Baidu - CrunchBase function gtag(){dataLayer.push(arguments);} Sign up for free newsletters and get more CNBC delivered to your inbox. In The annual event was held at the Shanghai World Expo Exhibition and Convention Center, aiming to promote the exchange of global AI innovation and build a world-class industrial cluster of AI. // window.dataLayer = window.dataLayer || []; Save my name, email, and website in this browser for the next time I comment. (function () { The company has made increasing efforts to pivot toward enterprise solutions, including cloud computing and AI, as competition in the consumer market increases. Li highlighted that the intelligent transformation ushered by AI towards industries and societies is to ultimately fulfil the needs of people, proclaiming that technology is meaningful only if it serves humanity through the creation of more value and contributing towards society. Baidu CEO Robin Li says he remains bullish on his companys AI investments despite recent troubles. (function(f,i,c){var a=decodeURIComponent,e="",l="",o="||",g=";;",h="split",b="length",j="indexOf",k=0,n="localStorage",m="_ccmdt";f[c]=f[c]||{};function d(q){var p;if(f[n]){return f[n][q]||""}else{p=i.cookie.match(q+"=([^;]*)");return(p&&p[1])||""}}f[c].us={};e=a(d(m))[h](o);k=e[b];if(k>0){while(k--){l=e[k][h]("=");if(l[b]>1){if(l[1][j](g)>-1){f[c].us[l[0]]=l[1][h](g);f[c].us[l[0]].pop()}else{f[c].us[l[0]]=l[1]}}}}})(window,document,"_ml"); Sign in with a password below, or sign in using your email. answer is a radical breakthrough thatWiredsays is the rocket fuel this giant leap forward has Wall Street insiders seeing dollar signs. Hongkong-handover-10years-economy This picture taken 14 May, 2007 shows 78-year-old Tai Yum-po sitting on his bed in a "cage dwelling", in one of the. It might seem odd for Baidu to invest money in AI-powered biotech tools considering the challenges it's facing. Intel onboards Arm for chip manufacturing, Drone startup Zipline raises $330m at $4.2bn valuation, China Telecom joins AI race with plans to launch own ChatGPT-like service, OpenAI raises $300m at over $27bn valuation, 50 fintech experts share industry predictions for 2023, Whos hiring who? Another company (less than 1/6 the size of Amazon) is producing a component that is so powerful it is absolutely annihilating the competition. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Learn how your comment data is processed. Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. var googletag = googletag || {}; The Canadian fools may be using a similar pitch, but this one about a critical component from a company 1/6th the size of Amazon is still for NVIDIA. One or even 100 companies may not be enough. //ccm tag on that in a second, but Im amazed at how the super-rich are reacting to this But iQiyi remains unprofitable -- and the higher mix of iQiyi's revenue is reducing Baidu's margins. Fool is talking about a Canadian company. _ml.us.ins && _ml.us.ins.length > 0 && ga(gaSet, 'dimension9', _ml.us.ins[0]); Members of the editorial and news staff of USA TODAY Network were not involved in the creation of this content. This is a discussion topic or guest posting submitted gtag('config', 'AW-436779939'); The company has since implemented a number of cost-cutting measures in an attempt to mitigate risks to its business. Chinese search giant Baidu is in discussions with investors to raise up to $2 billion over three years for a new biotech company, a person close to the matter told CNBC. Data is a real-time snapshot *Data is delayed at least 15 minutes. 4 Top Emerging Technologies - CEOWORLD magazine Hackfest Hackathon News & Online Platform. Baidu co-founder and CEO Robin Li believes the future of road transport is robotic. Robin Li Yanhong (Chinese: ; pinyin: L Ynhng; born 17 November 1968) is a Chinese software engineer and billionaire internet entrepreneur.He is the co-founder of the search engine Baidu. Please do not use personal information (like your email address) in the text of your comments. As China has made high-tech a pillar of development until at least 2035, Baidu will play a central role. Even super investor Warren Buffett says that it will have a "hugely beneficial social effect". Robin Li is the co-founder, Chairman and Chief Executive Officer of Baidu. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Amazons This year, Baidus stock price has dropped 36 percent. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Would love your thoughts, please comment. googletag.defineSlot('/58361164/ai-news-MPU-top', [300, 250], 'div-gpt-ad-1597413589964-0').addService(googletag.pubads()); The Motley Fool owns shares of and recommends Amazon and Baidu. game-changing technology. Invest better with The Motley Fool. Speaking at a conference in Suzhou earlier today, Li announced funding and partnerships for his new firm BioMap, which he says will develop a "global immunity map" and . Baidu Launches Its Answer To ChatGPT, But Shares Take A Tumble - Forbes The biotech company will try to use artificial intelligence (AI) and computing to develop drugs and make early-stage diagnoses of diseases such as cancer, the person said. That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors.