googletag.pubads().enableSingleRequest(); Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The answer is a radical breakthrough thatWiredsays is the rocket fuel of the AI.More on that in a second, but Im amazed at how the super-rich are reacting to this technology: A Shark Tank billionaire says it will create the worlds firsttrillionaire, Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billionstake -- to take advantage, Even super investor Warren Buffett says that it will have a "hugely beneficial social effect. More Interested in hearing industry leaders discuss subjects like this? // Currently disabled Powerful algorithms can be used to scan medical images or help develop drugs faster than humans can. }); Ryan is a senior editor at TechForge Media with over a decade of experience covering the latest technology and interviewing leading industry figures. } Privacy Policy. This one is just another in the long run of AI ads that the Fool has run for years, it doesnt seem to offer anything new but I imagine it is still peddling the same special report recommending NVIDIA (NVDA), though some of their past AI special report teases have also thrown Alphabet (GOOG) and Facebook (FB) in as big players in AI. Your California Privacy Rights/Privacy Policy, A Shark Tank billionaire says it will create the worlds first, 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. You think our visionary leader and CEO Mr. Ash Mufareh is taking us in the right direction with our AI with heart? Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry. googletag.enableServices(); _ml.eid = '84460'; "Amazons Jeff Bezossurprised investors recently when he revealed that one emerging technology is the key to Amazons future success.In fact,Bezos argues that its hard to overstate the impact of this game-changing technology. Christopher Udemans is TechNode's former Shanghai-based data and graphics reporter. 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). That algorithm is designed to identify the genetic make-up of viruses, which could help develop a vaccine. (function () { 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. Reserved. WHAT in the world could be worth 35 Amazons? Chinese tech giant Baidu (BIDU 1.35%) is in talks with interested parties to invest up to $2 billion in a biotech start-up over the next three years, according to Reuters. Hey Travis! 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. Baidu was long known in China as a part of BAT -- Baidu, Alibaba and Tencent . 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. "Baidu has been preparing for many years to embrace this digital revolution. _ml.us.pc && _ml.us.pc.length > 0 && ga(gaSet, 'dimension5', _ml.us.pc[0]); Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. mltag.type = 'text/javascript'; mltag.async = true; Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. gads.type = 'text/javascript'; //ccm tag CEO Says This Is Worth "35 Amazons" - The Motley Fool Canada of the AI.. 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. from 8 AM - 9 PM ET. googletag.defineSlot('/58361164/ai-news-Leaderboard-ROS', [728, 90], 'div-gpt-ad-1597413957672-0').addService(googletag.pubads());googletag.pubads().enableSingleRequest(); The Motley Fool owns shares of and recommends Amazon and Baidu. By clicking any link on this page you are giving your consent for us to set cookies. or reviewed by Stock Gumshoe, and any opinions expressed googletag.defineSlot('/58361164/TheBlock-MPU-News', [300, 250], 'div-gpt-ad-1489408127638-0').addService(googletag.pubads()); "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. Robin Li | Stanford eCorner 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. Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage of it . Baidu CEO optimistic about company's AI plans despite - TechNode Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. Not consenting or withdrawing consent, may adversely affect certain features and functions. 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. Any update on this pitch? 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. The best part is its one remarkable company dominating this exploding market. In fact, Bezos argues that its hard to overstate the impact of this game-changing technology. 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 . fact,Bezos argues that its hard to overstate the impact of this This site uses Akismet to reduce spam. Baidu CEO Robin Li says he remains bullish on his company's AI investments despite recent troubles. enable: true Back in 2017, the CEO of ARK Investments even said: "We think . In July, AI News reported that Baidu will help develop Intels Nervana neural processor. window.dataLayer = window.dataLayer || []; Alibaba, Tencent-backed WeDoctor and Huawei have gone into fields including drug deliveries, online consultations with doctors, and medical image analysis. Cision Distribution 888-776-0942 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? Context: In 2017, the State Council, Chinas cabinet, set out goals aimed at making the country a world leader in AI by 2030. 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 . // Baidu also ranks as the second largest. var useSSL = 'https:' == document.location.protocol; Amazons 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. Owing to the rapid technological advancement in recent years, AI can empower the gradual restoration of humanity to become a low-carbon society. @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}} 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). var s = document.getElementsByTagName('script')[0], cd = new Date(), mltag = document.createElement('script'); Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. Li was speaking at the plenary session of the sixth World Internet Conference (WIC) in Wuzhen, east Chinas Zhejiang province. Natural language processing (NLP), multi-modal interactive AI assistant and computer vision capabilities have enabled Xiaodu Baidu's signature smart display product to provide elders with immediate assistance and virtual companionship around the clock, improving their quality of life greatly while remotely reassuring family members of their healthy and safety. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), googletag.enableServices(); The company has made increasing efforts to pivot toward enterprise solutions, including cloud computing and AI, as competition in the consumer market increases. googletag.pubads().enableSingleRequest(); Baidu raising money for biotech firm that uses artificial - CNBC The company . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 .
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