Baidu To Expand Fully Driverless Ride-Hailing Service Area

RTTNews | 996 days ago
Baidu To Expand Fully Driverless Ride-Hailing Service Area

(RTTNews) - Chinese Internet company Baidu.com Inc. said it plans to build the world's largest autonomous ride-hailing service area in 2023, maintaining its growth momentum.

The company, which offers autonomous ride-hailing platform Apollo Go, outlined its plans during its autonomous driving tech event, Apollo Day.

Further, a series of new autonomous driving technology breakthroughs were revealed at the event. These include an AI big model built for autonomous driving perception, high-definition autonomous driving maps, a closed-loop autonomous driving data system, and end-to-end adaptation of AI chips for autonomous vehicles.

In August, Baidu said it secured China's first-ever permits for commercial fully driverless ride-hailing services. China was the first country in the world that allowed fared fully driverless robotaxi operation.

Since then, the company has already rolled out fully driverless ride-hailing services, with no human drivers in the car, in the cities of Chongqing and Wuhan. They have access to hundreds of square kilometers of operation area.

The company, which considers Apollo Go to be the world's biggest robotaxi service provider, now plans to continue to expand its operation area next year to build the world's largest service area for fully driverless robotaxi service.

Apollo Go currently covers more than 10 cities in China including all first-tier cities. In the third quarter alone, Apollo Go has completed more than 474,000 rides, up 311 percent year over year, and a 65 percent increase compared to last quarter. By the end of third quarter, the accumulated rides provided to the public by Apollo Go have reached 1.4 million.

Jingkai Chen, Baidu's autonomous driving technology expert, said at the event, "Backed by its solid AI technology, Baidu Apollo has created a safe, intelligent and efficient autonomous driving technology system, bringing robotaxi services from designated zones to open roads at scale."

Jian Ouyang, CEO of Kunlun Chip, also revealed that Baidu's 2nd-gen Kunlun AI chip has completed an end-to-end performance adaptation for autonomous driving.

read more
Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO

Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO

Horizon Robotics, a Chinese developer of artificial intelligence chips used in autonomous driving systems, is seeking to raise as much as HK$5.4 billion or around $696 million in its Hong Kong initial public offering. According to its listing document, Chinese majors Alibaba Group Holding Ltd. and Baidu Inc. are investing in the IPO of the firm, which is backed by tech major Intel Corp.
RTTNews | 309 days ago
Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users

Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users

Chinese internet company Baidu Inc.'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China's most popular ChatGPT-like chatbot, was released to the public in August last year. In December, the company had said that Ernie Bot's users reached over 100 million.
RTTNews | 492 days ago
Baidu Swings To Profit In Q2, But Revenue Down 5%

Baidu Swings To Profit In Q2, But Revenue Down 5%

Chinese Internet company Baidu.com reported Tuesday a profit for the second quarter compared to a loss last year, which was weighed down by a hefty fair value loss from long-term investments. The company said it continued to optimize costs and enhance operational efficiency.
RTTNews | 1087 days ago
DAX Down Marginally

DAX Down Marginally

German stocks are down in negative territory on Thursday with investors making cautious moves while looking ahead to Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for clues about the central bank's likely move on rate cuts this year.
RTTNews | 9 minutes ago
Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Sensex, Nifty Extend Gains For Sixth Day On GST Optimism

Indian shares extended gains for a sixth day running on Thursday as investors continued to remain optimistic about S&P's rating upgrade for India, improving Sino-India relations and the Centre's plan to rationalize Goods and Services Tax (GST).
RTTNews | 24 minutes ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 1h 27min ago
European Shares Subdued Ahead Of Jackson Hole Summit

European Shares Subdued Ahead Of Jackson Hole Summit

European stocks were little changed on Thursday as investors looked ahead to Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for hints of possible rate cuts this year.
RTTNews | 1h 35min ago