The key takeaways. Reserved. Li highlights that self-driving vehicles dont just provide an opportunity itself but also has a knock-on effect of requiring urban transport infrastructure, especially the software, to be updated.. At the time, Li applied for a job in Mercks research department and received an offer. China-based medical investment firm Viva Biotech announced a strategic collaboration agreement with BioMap at the conference, and stated that biotech firms AlxplorerBio and EPN had also signed the agreement. Individual investment results may vary. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. I got this e-mail from MF, anybody know the stock? Tai Po | Hong Kong Tourism Board Tencent-backed WeDoctor, Alibaba's healthcare unit, JD.com's JD Health, and Ping An Good Doctor are all developing various apps for accessing online prescriptions, drug deliveries, medical insurance, appointment bookings, and more to meet those demands. Does anyone know what company this could be? And you are going to want to see this report before you invest $1 on any tech company. Baidu was later named one of Chinas AI Champions for its autonomous driving efforts. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons.. Baidu plans to expand its robotaxi ride-hailing services across 30 cities in China in two to three years to serve a wider range of users. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a . The CEO said he is optimistic about AIs effects on society, explaining that he expects the technology to improve peoples lives. And the good news is that you can find out all about this company and this incredible technology today. And youll find out how one legendary investor is preparing for this incredible opportunity. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. AI is the Transformative Force Revolutionizing Future Human Development Chinas biggest search engine Baidu is optimistic about its investments in artificial intelligence (AI) despite the companys recent financial troubles and increasing competition from domestic competitors. Baidu's AI efforts are impressive, especially in the fields of driverless cars and language processing, but they won't generate meaningful revenue or offset its dependence on ads or iQiyi anytime soon. (In 1st place is Jack Ma, the founder and CEO of Alibaba with $36.2 billion.) _ml.us.ins && _ml.us.ins.length > 0 && ga(gaSet, 'dimension9', _ml.us.ins[0]); Chinas State Council released a roadmap two years ago aimed at making the country a global AI leader by 2030 as it ramps up competition with the US. gtag('config', 'UA-23827491-15'); And this giant leap forward has many on Wall Street very excited. During the event, the company showcased Baidu Brain 6.0's capabilities by letting younger "virtual" versions of CEO Robin Li and CCTV host Kang Hui -- which were modeled after their appearances . Invest better with The Motley Fool. More on that in a second, but Im amazed at how the super-rich are reacting to this technology: When so many successful people are all saying the same thing, it usually pays to listen. googletag.pubads().enableSingleRequest(); Tags: ai, artificial intelligence, baidu, China, chinese, Featured, robin li, wic. //ccm informer And if youre an investor, I havent even told you the best part Because one remarkable company is absolutely dominating this exploding market. gtag('js', new Date()); Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Baidu CEO Robin Li introduces the functions of Ernie Bot below the words for "Join Ernie Bot" during . And the good news is that you can find out all about this company and this extraordinary technology today. googletag.cmd.push(function() { Got a confidential news tip? on that in a second, but Im amazed at how the super-rich are reacting to this Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. Shark Tanks Ron Cuban says this will create the worldd first Trillionaire. Interested in hearing industry leaders discuss subjects like this? (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. Chinas growth and influence is hard to ignore, especially in AI. //ccm tag Theyve been teasing or recommending all three for years, and in fact the Fool was probably the first publisher to tease NVIDIA, back in 2014 when they were first getting involved in autonomous driving systems. Self-driving cars, particularly robotaxis, is one area where Baidu is investing heavily. Ltd. DSR Inspire, Plot No: 21, Sector: 1, Hitech City Rd, HUDA Techno Enclave, Madhapur, Hyderabad, Telangana 500081, INDIA, Dubai - Burj Khalifa, Floor 134, 1 Sheikh Mohammedbin Rashid Blvd - Downtown Dubai - Dubai - United Arab Emirates, Data Analytics, Visualizations, Data Warehousing, Global Diversity, Equity, and Inclusion Initiatives by ONPASSIVE, A Shark Tank billionaire says it will create the worldsfirsttrillionaire, Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage, Even super investor Warren Buffett says that it will have a hugely beneficial social effect. CEO Says This Is Worth 35 Amazons | The Motley Fool Australia googletag.defineSlot('/58361164/TheBlock', [300, 600], 'div-gpt-ad-1489572146069-0').addService(googletag.pubads()); This field is for validation purposes and should be left unchanged. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. In line with its vision to facilitate the low carbon transition in society for long-term sustainable development, Baidu has announced its goal to achieve carbon neutrality in its operations by 2030. 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. 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. As China has made high-tech a pillar of development until at least 2035, Baidu will play a central role. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. // 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 discover new drugs and treatments using AI data handling. })(); A Division of NBCUniversal. By clicking any link on this page you are giving your consent for us to set cookies. Required fields are marked *. Baidu CEO Robin Li says he remains bullish on his company's AI investments despite recent troubles. BEIJING, Aug. 18, 2021 /PRNewswire/ -- Today, Baidu held its annual flagship technology conference, Baidu World 2021, where Co-founder and CEO Robin Li unveiled his vision for mobility of the . SHANGHAI, July 8, 2021 /PRNewswire/ -- Robin Li, the Co-founder and CEO of Baidu, Inc. (NASDAQ:BIDU and HKEX:9888), today said that AI will undoubtedly become the transformative force . This site uses Akismet to reduce spam. WHAT in the world could be worth 35 Amazons? _ml.us.fa && ga(gaSet, 'dimension8', _ml.us.fa ); CEO says this is worth 35 Amazons - USA Today Baidu isn't expected to be the controlling shareholder in the new venture. Context: In 2017, the State Council, Chinas cabinet, set out goals aimed at making the country a world leader in AI by 2030. googletag.defineSlot('/58361164/TheBlock-MPU-News', [300, 250], 'div-gpt-ad-1489408127638-0').addService(googletag.pubads()); mltag.src = 'https://ml314.com/tag.aspx?' Lis main business, Baidu, has clashed with the Chinese authorities in recent times. Baidu founder and CEO says now is the time for AI-powered SBDD drug googletag.enableServices(); googletag.cmd.push(function() { _ml.eid = '84460'; But if you want to get in on this opportunity, I encourage you to act quickly. Li revealed that his interest in biocomputing was sparked more than 25 years ago when he was still working as a programmer on Wall Street. AI News provides artificial intelligence news and jobs, industry analysis and digital media insight around numerous marketing disciplines; mobile strategy, email marketing, SEO, analytics, social media and much more. 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. trillion in market cap which would be 35 Amazons.. _ml = window._ml || {}; (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ Baidu's multi-faceted AI solutions are collectively addressing the socio-economic and environmental challenges faced by the modern world, to ultimately accomplish better living and sustain high-quality development for all of mankind. 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. All investing involves risk of loss. WIC: Baidu CEO remains bullish of company's AI investments - AI News game-changing technology. With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry. 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. //send custom event to ga ". } Li said that more than 20 years after his decision not to go into biocomputing, the picture has changed. CEO of ARK Investments takes Bezos further: We think [it] could approach $17 AI & ML Development Company | The Future of Internet | ONPASSIVE _ml.us.pc && _ml.us.pc.length > 0 && ga(gaSet, 'dimension5', _ml.us.pc[0]); if (typeof ga != 'undefined' && _ml.us) { These three indicators are: the rapid growth of data brought by genome research, the rapid accumulation of knowledge in the process of new drug development, and the proliferation of machine learning and algorithms., According to GlobalDatas thematic research, technology has and will increasingly play a fundamental role in helping the healthcare sector. Baidu declined to comment when contacted by CNBC. Rex Mooreowns shares of Baidu. Analysts expect Baidu's revenue to rise less than 1% this year but for cost-cutting measures to boost its earnings by 6%. The These days, Tai Po is one of Hong Kong's most agreeable districts. But just like Alphabet and its core Google business, Baidu will still generate most of its revenue from online ads for the foreseeable future. Fool is talking about a Canadian company. For more information, please see our Cost basis and return based on previous market day close. Not consenting or withdrawing consent, may adversely affect certain features and functions. Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. 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. })(); Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. gtag('config', 'AW-436779939'); googletag.enableServices(); the right time and In It to Win It!! That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine. }); _ml.us.sn && ga(gaSet, 'dimension6', _ml.us.sn); first publisher to tease NVIDIA, back in 2014. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons., What in the world could be worth 35 Amazons? 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. The entire strategy of his company needed to change, and he revamped his enterprise from a back-end search utility to a front-end, consumer-focused provider. } Christopher Udemans is TechNode's former Shanghai-based data and graphics reporter. He covered Chinese artificial intelligence, mobility, cleantech, and cybersecurity. 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. 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" When so many successful people are all saying the same thing, it usually pays to listen Sign in with a password below, or sign in using your email. and our Ive laid out the full story on this incredible tech trend in an exclusive report. _ml.us.tp && _ml.us.tp.length > 0 && ga(gaSet, 'dimension1', _ml.us.tp[0]); And Because Ive laid out the full story on this incredible tech trend in an exclusive report. in the world could be worth 35 Amazons? listen. When the old market town was expanded with new shopping malls and housing estates in the 1970s . The Motley Fool has a disclosure policy. so many successful people are all saying the same thing, it usually pays to In light of this year's WAIC theme, "Intelligent Connectivity, Inspirational Cities", Li contended that the value of AI to human society extends far beyond economic growth, stating his belief that the social value of AI deeply correlates with the human desire for a better life. UK fibre: survival of the fittest and fattest? CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool . AI is expected to open up new revenue avenues for Baidu amid slowing growth in its traditional search business. And Powerful algorithms can be used to scan medical images or help develop drugs faster than humans can. Another company (less than 1/6 the size of Amazon) is producing a component that is so powerful it is absolutely annihilating the competition. Find him on Twitter (@Gadget_Ry) or Mastodon (@[email protected]). Robin Li is the CEO and cofounder of Baidu, China's top search engine and one of the world's most popular websites. CEO Says This Is Worth 35 Amazons | The Motley Fool Australia Li said hes an optimist when it comes to AIs ability to make lives better. (function () { The CEO of ARK Investments, Cathie Wood, took Bezos further: "We think [it] could approach US$17 trillion in market cap . /*Home Page Sidebar MPU (300x250) */ This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or other advice. Chinese search giant Baidu on Thursday . Robin Li | Stanford eCorner Bioplastics for a Circular Economy: In 2014 alone, industry generated 311 million metric tons of plastics, an amount expected to triple by 2050.Yet less than 15% of it is recycled . 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. Energy Secretary and PDP-Laban vice chairman Alfonso Cusi said - Reddit All Rights Reserved. Baidu, which has typically been an internet search company, has been trying to expand into new areas from driverless cars to health technology, as it faces increasing competition in its core business. Even super investor Warren Buffett says that it will have a "hugely beneficial social effect". Economist blames foolish policy choices for economic woes. We hope to build an open biocomputing innovation ecosystem between scientists and entrepreneurs to explore the vast no mans land of life sciences.. Privacy Policy. 4 Top Emerging Technologies. The increasing scrutiny from the US over Chinese influence in Western companies and infrastructure, leading to an increasing number of Chinese firms being added to an entity list, may reduce such collaborations. }, Your email address will not be published. SHANGHAI, July 8, 2021 /PRNewswire/ -- Robin Li, the Co-founder and CEO of Baidu, Inc. (NASDAQ:BIDU and HKEX:9888), today said that AI will undoubtedly become the transformative force revolutionizing future human development over the next 40 years during his keynote speech at the annual World Artificial Intelligence Conference (WAIC). })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); The development of this AI ecosystem could expand Baidu's search engine beyond PCs and mobile devices, which would widen its moat against Tencent, which is pulling away users with WeChat's Mini Programs and integrated searches, and Alibaba, which turned its online marketplaces into China's largest digital advertising platforms. .gform_wrapper .gfield_label { And with everything Im hearing coming out of Silicon Valley and Wall StreetI 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. Save my name, email, and website in this browser for the next time I comment. (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"); Jeff Bezos stunned investors recently when he revealed that one emerging His wife, however, stopped him from taking the job. Details: Li was speaking at the plenary session of the World Internet Conference in the eastern Chinese city of Wuzhen on Sunday. display:none; One or even 100 companies may not be enough. Baidu is a leading AI company with strong Internet foundation. All Rights Baidu is traded on the NASDAQ Global Select Market under the symbol "BIDU", and on the main board of the Hong Kong Stock Exchange under the stock code "9888". ga('send', 'pageview'); According to its website, the company strives to accelerate the development of new therapeutics and diagnostic products through the integration of novel AI advancements and frontier biotechnologies. It has cooperated with more than 50 global early-stage technology companies and scientific research teams to accelerate academic discoveries in biomedical technology. // .cmplz-hidden{display:none!important;} @-webkit-keyframes bgslide{from{background-position-x:0}to{background-position-x:-200%}}@keyframes bgslide{from{background-position-x:0}to{background-position-x:-200%}}.wpp-widget-placeholder,.wpp-widget-block-placeholder{margin:0 auto;width:60px;height:3px;background:#dd3737;background:linear-gradient(90deg,#dd3737 0%,#571313 10%,#dd3737 100%);background-size:200% auto;border-radius:3px;-webkit-animation:bgslide 1s infinite linear;animation:bgslide 1s infinite linear} margin-bottom: 1rem; We, , But will these new healthcare ventures move the needle for its core business, which still relies heavily on digital ads and its video streaming unit iQiyi (IQ 1.56%)? Baidu CEO Robin Li says he remains bullish on his companys AI investments despite recent troubles. When there are new problems, people can talk to future generations across time and space via technology.. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Owing to the rapid technological advancement in recent years, AI can empower the gradual restoration of humanity to become a low-carbon society. Cision Distribution 888-776-0942 Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Links to outside information and information share are welcome, soliciting is forbidden -- Stock Gumshoe cannot serve as an exchange for buying, selling or trading information beyond what you post in your comments for public view. The answer is a radical breakthrough thatWiredsays is the rocket fuel of the AI.. gtag('js', new Date()); Those growth rates are anemic compared to Baidu's ecosystem rivals Tencent and Alibaba, which are both expected to generate double-digit revenue and earnings growth this year. As of March 2022, his net worth was estimated at US$8.5 billion. Any update on this pitch? GUANGZHOU, China Chinese internet search giant Baidu is in discussions with investors to raise up to $2 billion over three years for a new biotech company, CNBC has confirmed. Bytedance this year launched a search engine and invested in Wikipedia clone Hudong Baike, a competitor to Baidus online encyclopedia, moving further onto the search giants turf. } Please follow this link for our privacy policy. Sign up for free newsletters and get more CNBC delivered to your inbox. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Hey Travis! Baidu co-founder and CEO Robin Li believes the future of road transport is robotic. var s = document.getElementsByTagName('script')[0], cd = new Date(), mltag = document.createElement('script'); Why Is Baidu Investing in an AI-Powered Biotech Start-Up? window.dataLayer = window.dataLayer || []; Baidu's move comes as China's technology companies try to boost their presence in healthcare, a move accelerated by the coronavirus pandemic. CEO Says This Is Worth "35 Amazons" - The Motley Fool Canada When And youll find out how one legendary investor is preparing for this incredible opportunity. I met with Mr. Ash late last year and asked him directly, What portion of The company has since implemented a number of cost-cutting measures in an attempt to mitigate risks to its business. A Magazine for Scholarly, Literary, Political, Economic and Religious Activities. 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Li said that Baidu's robotaxi initiative in the central Chinese city of Changsha not only serves to develop the autonomous driving industry but also forces the transport infrastructure as a whole to upgrade . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Machines can learn peoples way of thinking., Li as cited in the South China Morning Post. "Baidu's approach towards AI technology has always revolved around delivering equitable outcomes by making technology more accessible, providing freedom and possibilities for all," Li said. answer is a radical breakthrough thatWiredsays is the rocket fuel Doesnt sound like you! Robin Li, CEO and founder of Chinese internet giant Baidu, says he has realised a lifelong dream by entering the field of AI-enabled structure-based drug discovery (SBDD). googletag.defineSlot('/58361164/TheBlockMPUv2', [300, 250], 'div-gpt-ad-1489592495402-0').addService(googletag.pubads()); In the 11 years since founding Baidu with Eric Xu, Robin has turned the company into China's largest search engine, with over an 80% market share. The dangers of opposing corporations in corrupt countries, Why AI in social media appears to be universally disliked, Why the US spectrum pipeline is in disarray.
