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Search resuls for: "Baidu's"


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☆ James Lee on Baidu's chip resiliency
  + stars: | 2022-11-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJames Lee on Baidu's chip resiliencyJames Lee, analyst at Mizuho Securities, says that Baidu is not reliant on highly advanced semiconductor chips and manufactures its own AI chip for its cloud computing and robotaxi businesses.
☆ Baidu's recovery is likely to be delayed this quarter, Mizuho Securities says
  + stars: | 2022-11-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaidu's recovery is likely to be delayed this quarter, Mizuho Securities saysJames Lee of Mizuho Securities cites Covid restrictions and the "macro environment" as factors contributing to the delay.
☆ UBS says self-driving cars could become a $100 billion market in China — and names stocks to play it
  + stars: | 2022-11-23 | by ( Zavier Ong | ) www.cnbc.com   time to read: +2 min
It cited China's large domestic market, high acceptance of autonomous driving, efficient supply chains, and supportive infrastructure among other factors. UBS estimated that China's potential autonomous driving-related market could reach $100 billion by 2030. As such, the Swiss bank said it sees "significant" investment opportunities in the autonomous driving space. Stock picks Tesla is among UBS' top picks to play the autonomous driving theme. Xpeng also made the list, with the bank describing the automaker as one of the "leading autonomous driving players in China."
☆ Morning Bid: Wild oil ride amid China and crypto woe
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +4 min
[1/2] General view of the oil refinery, part of Grupa Lotos taken over by PKN Orlen in 2022, in Gdansk, Poland August 9, 2022. Turbulence in oil, China's COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting to parse what looks like a recessionary year ahead. Higher interest rates and slowing economies dominate most 2023 outlooks, not least Tuesday's latest from the Organisation for Economic Cooperation and Development. Underlining the growth gloom, China's battle with COVID and its widening curbs only seemed to worsen. Pain in the crypto world continued, with many investors fearing the fallout from the collapse of exchange FTX is just beginning.
☆ China's Baidu beats Q3 revenue estimates as ad sales recover
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +1 min
Nov 22 (Reuters) - Baidu Inc's (9988.HK) third-quarter revenue beat Wall Street estimates on Tuesday, as China's search engine giant benefited from a recovery in online advertising sales and growth in its cloud and artificial intelligence (AI) business. The company has been looking to grow its cloud and AI business, which includes autonomous driving, to diversify its revenue sources. Baidu's revenue rose 2% to 32.54 billion yuan ($4.56 billion) in the three months ended Sept. 30, beating the 31.79 billion yuan average estimate of 20 analysts, according to Refinitiv data. The company's operating income rose to 5.32 billion yuan from 2.31 billion yuan a year earlier. ($1 = 7.1388 Chinese yuan renminbi)Reporting by Eva Mathews in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ Chinese EV maker Xpeng launches rival to Tesla's semi-autonomous driving system
  + stars: | 2022-09-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot. City NGP is being trialed with some users of the premium version of it P5 sedan in the southern Chinese city of Guangzhou, where the company is headquartered, it said. City NGP was first announced last year, when Xpeng released Xpilot 3.5, the latest version of its advanced driver-assistance system, or ADAS. Charles Zhang, vice president of Xpeng, told CNBC on Monday that the pilot of City NGP brings the company "one step closer to full autonomy." Xpeng said that those trialing City NGP will need to download it via an update.
☆ Baidu's robotaxis don't need any human staff in these parts of China
  + stars: | 2022-08-08 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. BEIJING — Chinese tech company Baidu said Monday it has become the first robotaxi operator in China to obtain permits for selling rides with no human driver or staff member inside the vehicles. The local government approvals allow Baidu's Apollo Go robotaxi business to eliminate the cost of human personnel in some instances. But the Chinese capital still requires human staff to sit in the robotaxi with passengers. In the U.S., Alphabet's Waymo and General Motors ' subsidiary Cruise can already run public robotaxis with no human staff in the vehicles.
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