Tai Po | Hong Kong Tourism Board A Magazine for Scholarly, Literary, Political, Economic and Religious Activities. })(); During the conference, Li made a rather bold prediction: Artificial intelligence will not destroy human beings but will give people eternal life. Cost basis and return based on previous market day close. Cookie Notice Latest news and trends about tech in China. And But if you want to get in on this opportunity, I encourage you to act quickly. var s = document.getElementsByTagName('script')[0], cd = new Date(), mltag = document.createElement('script'); Owing to the rapid technological advancement in recent years, AI can empower the gradual restoration of humanity to become a low-carbon society. 2023 CNBC LLC. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons.. And if youre an investor, I havent even told you the best part Because one remarkable company is absolutely dominating this exploding market. node.parentNode.insertBefore(gads, node); Robin Li is the co-founder, Chairman and Chief Executive Officer of Baidu. Baidu's interest in funding an AI-powered biotech start-up will likely draw comparisons to Alphabet's investments in its life science subsidiaries Calico, which researches treatments for age-related diseases, and Verily, which develops healthcare-related AI services, medical devices, and wearable devices. 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%)? When typing in this field, a list of search results will appear and be automatically updated as you type. We are an AI technology company that builds fully autonomous SaaS products using the latest AI Software Technologies for our global customer base. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. CEO says this is worth 35 Amazons - USA Today //ccm informer 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. 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 our /*articlepage mpu*/ While this is definitely impressive, he's not the richest man in China. But just like Alphabet and its core Google business, Baidu will still generate most of its revenue from online ads for the foreseeable future. Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. Gene sequencing technology was very rudimentary. ga('send', 'pageview'); position:relative; @media (min-width: 1025px){body .uag-hide-desktop.uagb-google-map__wrap,body .uag-hide-desktop{display:none !important}}@media (min-width: 768px) and (max-width: 1024px){body .uag-hide-tab.uagb-google-map__wrap,body .uag-hide-tab{display:none !important}}@media (max-width: 767px){body .uag-hide-mob.uagb-google-map__wrap,body .uag-hide-mob{display:none !important}} The best part is its one remarkable company dominating this exploding market. _ml.us.cr && ga(gaSet, 'dimension2', _ml.us.cr); Hackfest Hackathon News & Online Platform. } Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Oppo Find N2 Flip: Opposfirst foldable impresses with smart design, BYD net profit up 410% y-o-y, but down 44% on previous quarter, Recommended posts with shopping links must be labeled advertising starting May, Germany may restrict export of chip chemicals to China: report, Lifestyle app Xiaohongshu tests group-buy service: report, Vivo V27 Pro: a stylish mid-range offering, Redmi unveils worlds first Harry Potter branded phone, the Note 12 Turbo, Huawei declares return to normal operations in 2023 despite ongoing restrictions, Vivo X90 Pro: Worthy flagship with professional camera, Proudly powered by Newspack by Automattic. googletag.defineSlot('/58361164/ai-news-MPU-(300x250)2-Middle', [300, 250], 'div-gpt-ad-1597413789574-0').addService(googletag.pubads()); googletag.cmd.push(function() { 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.. Wired sys it is the Rocket Fuel of the AI. googletag.pubads().enableSingleRequest(); technology: When 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. We hope to build an open biocomputing innovation ecosystem between scientists and entrepreneurs to explore the vast no mans land of life sciences.. of the AI.. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Baidu Apollo Releases Major Product Updates to Help Manufacturers Build Smarter Cars for Tomorrow, Baidu, Inc. With a small team, TechNode provides timely news and thoughtfully researched articles for worldwide readers interested in learning more about the Chinese tech industry. 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 It generates most of its revenue from online ads scattered across its search engine, related portals, and mobile apps. from 8 AM - 9 PM ET. so many successful people are all saying the same thing, it usually pays to Members of the editorial and news staff of USA TODAY Network were not involved in the creation of this content. The biotech company would focus on using artificial intelligence (AI) and computing to create new drugs and make early-stage diagnoses of diseases such as cancer, the person said. Baidu's move comes as China's technology companies try to boost their presence in healthcare, a move accelerated by the coronavirus pandemic. In fact, Bezos argues that its hard to overstate the impact of this game changing technology. As China has made high-tech a pillar of development until at least 2035, Baidu will play a central role. Baidu declined to comment when contacted by CNBC. Li used the Game of Thrones phrase that winter is coming following a first-quarter loss. 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. Baidu is also expanding its influence and sharing its AI expertise globally. WHAT 'Winter is coming,' Li warned in a letter sent to staff at the Chinese search engine Wednesday, according to a report in the South China Morning Post (SCMP). By signing up, you agree to our privacy policy. Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake -- to take advantage . Baidu CEO Robin Li pivoted pivoted his entire company- which includes $12.9 Million stake to take advantage and Warren Buffet says it will have a "hugely beneficial social effect. https://www.fool.com/ext-content/ceo-says-this-is-worth-35-amazons/?utm_source=liveintent&utm_medium=contentmarketing&utm_campaign=ai-35amazons&aid=8976&paid=8976&waid=8976&source=esalviwdg0310002&psource=esalviwdg0310002&wsource=esalviwdg0310002&utm_term=130&utm_content=875578&li_did=2d7230de-3e1c-389b-a7c0-2c0127c4c1c2&testId=advert-35-amazons&cellId=1&campaign=sa-ai, Your email address will not be published. .gform_wrapper .gfield_label { Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. 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. And this giant leap forward has Wall Street insiders seeing dollar signs. googletag.enableServices(); Li added that the development of the biocomputing industry requires the combination of ecological and industrial expertise. Please do not use personal information (like your email address) in the text of your comments. _ml.us.tp && _ml.us.tp.length > 0 && ga(gaSet, 'dimension1', _ml.us.tp[0]); // .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} The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Baidu, Bilibili, JD.com, and Tencent Holdings. 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. // 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. /*Home Left DMPU (300x600)*/ _ml.us.ind && ga(gaSet, 'dimension12', _ml.us.ind); Baidu Announces Autonomous Driving Milestones at Baidu World 2021 His wife, however, stopped him from taking the job. The COVID-19 crisis also highlighted a growing need for digital upgrades across China's sprawling healthcare system. the right time and In It to Win It!! Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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? WIC: Baidu CEO remains bullish of company's AI investments - AI News 'https:' : 'http:') + '//www.googletagservices.com/tag/js/gpt.js'; Self-driving cars, particularly robotaxis, is one area where Baidu is investing heavily. Billionaire and Baidu CEO Robin Li on Thursday . Economist blames foolish policy choices for economic woes. Christopher Udemans is TechNode's former Shanghai-based data and graphics reporter. CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool . googletag.enableServices(); United States - 7380 W Sand Lake Rd, Suite 500-529 Orlando, FL 32819, USA, Singapore - ONPASSIVE Pte Limited 32 PEKIN STREET #05 - 01, SINGAPORE 048762, India - ONPASSIVE Technologies Pvt. 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 . "Baidu has been preparing for many years to embrace this digital revolution. _ml.eid = '84460'; All Rights Reserved. . Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage of it . Hey Travis: Do you not reveal MOTLEY FOOL TEASERS any more because they ADVERTISE pn your site? WHAT in the world could be worth 35 Amazons? mltag.type = 'text/javascript'; mltag.async = true; Thats because another company (less than 1/6th the size of Amazon)is producing a component so powerful that we see it as one of the true, enduring leaders in this futuristic technology. 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. Amazons Jeff Bezos stunned investors recently when he revealed that one emerging technology is the key to Amazons future success…. Invest better with The Motley Fool. googletag.enableServices(); 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. would be 35 Amazons. By implementing smart transportation systems through intelligent vehicles and roads, Baidu is revolutionizing the industry by promoting safer and greener travel, fostering a lower carbon lifestyle and creating immense social value. Get this delivered to your inbox, and more info about our products and services. , , A Shark Tank billionaire says it will create the worlds first trillionaire, 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. I got this e-mail from MF, anybody know the stock? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine. Li studied information management at Peking University and computer science at the University at Buffalo. Baidu's interest in funding an AI-powered biotech start-up will likely draw comparisons to Alphabet 's investments in its life science subsidiaries Calico, which researches . John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fools board of directors. The incident happened at the Baidu Create 2019 . After 2030, Baidu will collaborate with its ecological partners to work towards becoming carbon negative, joining hands to further China's pledge to become carbon neutral by 2060 and to limit the global warming to 1.5 degrees Celsius. Privacy Policy. Reserved. You think our visionary leader and CEO Mr. Ash Mufareh is taking us in the right direction with our AI with heart? 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. Baidu CEO reportedly tells staff that 'winter is coming' in new year letterBaidu's chief executive Robin Li had a cold warning for employees as they started 2019. 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. The Motley Fool has adisclosure policy. Because the story of the coming boom is already starting to leak out. And if youre an investor, I havent even told you the best part… Because one remarkable company is absolutely dominating this exploding market. This wouldn't be Baidu's first step into the AI-powered healthcare market --earlier this year, it open-sourced its RNA prediction algorithm LinearFold to analyze viruses and develop vaccines. In that context, it makes sense for Baidu to expand its AI services into the digital healthcare market. 762 Tai Po District Premium High Res Photos - Getty Images And youll find out how one legendary investor is preparing for this incredible opportunity. Robin Li - Wikipedia Crux investor | Letter: AI Stock Baidu Inc.'s stock offering in Hong Kong Tuesday marks an unlikely resurgence for founder Robin Li, who has fought his way back to relevance in China's technology industry after squandering a . googletag.defineSlot('/58361164/TheBlockMPUv2', [300, 250], 'div-gpt-ad-1489592495402-0').addService(googletag.pubads()); } Find him on Twitter (@Gadget_Ry) or Mastodon (@gadgetry@techhub.social). 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. To make the world smarter, happier, and richer. 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. Rex Mooreowns shares of Baidu. 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. 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. CEO Says This Is Worth 35 Amazons display:none; _ml.us.fa && ga(gaSet, 'dimension8', _ml.us.fa ); googletag.cmd.push(function () { 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. ONPASSIVE is an AI Tech company that builds fully autonomous products using the latest technologies for our global customer base. The individual was not authorized to speak publicly about the project. And you are going to want to see this report before you invest $1 on any tech company. googletag.cmd = googletag.cmd || []; Alibaba, Tencent-backed WeDoctor and Huawei have gone into fields including drug deliveries, online consultations with doctors, and medical image analysis. CEO Says This Is Worth 35 Amazons | The Motley Fool Australia When Robin Li is the CEO and cofounder of Baidu, China's top search engine and one of the world's most popular websites. Bytedance takes on Baidu with investment in Wikipedia-like Hudong Baike. ga(gaSend, {'hitType': 'event', 'eventCategory': 'CCM', 'eventAction': 'Loaded Profile', 'nonInteraction': 1}); Analysts expect Baidu's revenue to rise less than 1% this year but for cost-cutting measures to boost its earnings by 6%. The CEO said he is optimistic about AI's effects on society, explaining that he expects the technology to improve people's lives. })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); When there are new problems, people can talk to future generations across time and space via technology.. first publisher to tease NVIDIA, back in 2014. That foothold could also convince more digital healthcare companies to launch integrated Mini Programs for the Baidu App -- which competes against WeChat's larger Mini Programs platform. Robin Li - Forbes 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. Baidu CEO Robin Li Said Both Baidu and Tesla Are Adopting A - Pandaily And the good news is that you can find out all about this company and this extraordinary technology today. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. This year, Baidus stock price has dropped 36 percent. Baidu CEO optimistic about company's AI plans despite - TechNode UK fibre: survival of the fittest and fattest? Sign in with a password below, or sign in using your email. Baidu CEO Robin Li says he remains bullish on his company's AI investments despite recent troubles. At the time, Li applied for a job in Mercks research department and received an offer. //send custom event to ga In Li's view, the application of AI technology is reshaping the landscape of industries to become the transformative force revolutionizing future human development over the next 40 years. ONPASSIVE - The Future Of Internet. A consortium led by the chief executive of Chinese search giant Baidu Inc. dropped its $2.3 billion bid to buy out the company's video-streaming operation after investors criticized it as a . 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 . Li also spoke about the impactful role Baidu Apollo has been playing as many Chinese cities continue to construct world-class intelligent traffic systems. 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. *Average returns of all recommendations since inception. We use cookies on this site to enhance your user experience. 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. _ml.us.cs && ga(gaSet, 'dimension3', _ml.us.cs); A number of investors are interested in joining the funding, the person said, adding that they could not disclose more details as talks are still in the early stage. These days, Tai Po is one of Hong Kong's most agreeable districts. Billionaire Robin Li launches on March 16 Baidu's conversational chatbot, Ernie Bot, at the company's headquarters in Beijing. /*Home Page Sidebar MPU (300x250) */ ONPASSIVE brings in a competitive advantage, innovation, and fresh perspectives to business and technology challenges. Interested in hearing industry leaders discuss subjects like this? Would love your thoughts, please comment. More Because the story of the coming boom is already starting to leak out. Group Led by Baidu CEO Abandons Bid to Buy Out Video Unit (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"); The content has not been edited The If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. The answer is a radical breakthrough thatWiredsays is the rocket fuel of the AI.. 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. (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. googletag.defineSlot('/58361164/TheBlock-MPU-News', [300, 250], 'div-gpt-ad-1489408127638-0').addService(googletag.pubads()); He can often be sighted at tech conferences with a strong coffee in one hand and a laptop in the other. More by Chris Udemans. Li said that more than 20 years after his decision not to go into biocomputing, the picture has changed. gtag('config', 'AW-436779939'); She said that I couldnt do anything there. 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. }, The Motley Fool has a disclosure policy. 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 . The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. We want to hear from you. Baidu also ranks as the second largest. I met with Mr. Ash late last year and asked him directly, What portion of fact,Bezos argues that its hard to overstate the impact of this _ml.us.pc && _ml.us.pc.length > 0 && ga(gaSet, 'dimension5', _ml.us.pc[0]); He covered Chinese artificial intelligence, mobility, cleantech, and cybersecurity. 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. _ml.us.edu && ga(gaSet, 'dimension11', _ml.us.edu ); 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. Chinas growth and influence is hard to ignore, especially in AI. Li used the Game of Thrones phrase that "winter is coming" following a first-quarter loss. 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 . Ive laid out the full story on this incredible tech trend in an exclusive report. But iQiyi remains unprofitable -- and the higher mix of iQiyi's revenue is reducing Baidu's margins. Cision Distribution 888-776-0942 Please, check your inbox! Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. Tama nga naman..resign k muna pac sa PDP bgo mo tirahin un kapartido mo n kung saan ikaw ang presidente. Chinese search giant Baidu on Thursday . Hongkong-handover-10years-economy This picture taken 14 May, 2007 shows 78-year-old Tai Yum-po and Kong siu-kan chat outside "cage dwellings", in one. Baidu was later named one of Chinas AI Champions for its autonomous driving efforts. 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. Why it matters: Baidu has had a rollercoaster of a year, including seeing its share price fall by 36% year to date. var googletag = googletag || {}; var gads = document.createElement('script'); Our advanced autonomous driving technology has positioned us as a global leader of the smart transportation industry. So click here before everyone knows about this incredible opportunity. Li said that Baidus 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, the SCMP reported. If it's geeky, hes probably into it. And the good news is that you can find out all about this company and this incredible technology today. Some parts of the world are facing an aging population issue; China's elderly population is slated to exceed 300 million residents, creating a new challenge that will impact the country's economic growth, social security, public services and more, Li said in his speech.