Baidu To Expand Fully Driverless Ride-Hailing Service Area

RTTNews | 720天前
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 | 33天前
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 | 216天前
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 | 811天前
U.S. Homebuilder Confidence Improves Much More Than Expected In November

U.S. Homebuilder Confidence Improves Much More Than Expected In November

Homebuilder confidence in the U.S. has improved by much more than anticipated in the month of November, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 46 in November after rising to 43 in October. Economists had expected the index to inch up to 44.
RTTNews | 7小时32分钟前
Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...
RTTNews | 8小时30分钟前
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.
RTTNews | 9小时36分钟前
CPI Uptick, Fed Hints Boost Dollar Again

CPI Uptick, Fed Hints Boost Dollar Again

The U.S. dollar rallied against major currencies during the week ended November 15 amidst an expected uptick in consumer price inflation in the U.S. as well as hints from Jerome Powell that the Fed was in no hurry to cut rates.
RTTNews | 9小时38分钟前
Eurozone Trade Surplus Increases In September

Eurozone Trade Surplus Increases In September

The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | 9小时41分钟前