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. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. 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. googletag.pubads().enableSingleRequest(); googletag.pubads().enableSingleRequest(); This year, Baidus stock price has dropped 36 percent. 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%)? This site uses Akismet to reduce spam. The CEO of ARK Investments further.We think it could approach $17 trillion in market cap- which /*Home Page Sidebar MPU (300x250) */ googletag.pubads().enableSingleRequest(); Details: Li was speaking at the plenary session of the World Internet Conference in the eastern Chinese city of Wuzhen on Sunday. window.dataLayer = window.dataLayer || []; var s = document.getElementsByTagName('script')[0], cd = new Date(), mltag = document.createElement('script'); listen. technology: When // .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 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. We use cookies on this site to enhance your user experience. googletag.enableServices(); Li used the Game of Thrones phrase that winter is coming following a first-quarter loss. googletag.defineSlot('/58361164/ainews-Homepage-HalfPage-(300x600)-Middle', [300, 600], 'div-gpt-ad-1597413031575-0').addService(googletag.pubads()); And Artificial intelligence will not destroy human beings but will give people eternal life Everything every person has said and done, even peoples memories, emotions and consciousness can be digitally stored on network disks or the cloud. That's 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 . 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. gtag('js', new Date()); , , 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. The technical storage or access that is used exclusively for statistical purposes. The Motley Fool recommends iQiyi. Over 200,000 Founders believe so! If it's geeky, hes probably into it. Li used the Game of Thrones phrase that "winter is coming" following a first-quarter loss. 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. Chinas growth and influence is hard to ignore, especially in AI. Why it matters: Baidu has had a rollercoaster of a year, including seeing its share price fall by 36% year to date. The best part is its one remarkable company dominating this exploding market. 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. 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. The company has been incubating the idea over the past six months, and CEO Robin Li is personally overseeing its development. She said that I couldnt do anything there. var googletag = googletag || {}; // (In 1st place is Jack Ma, the founder and CEO of Alibaba with $36.2 billion.) 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. And Because Ive laid out the full story on this incredible tech trend in an exclusive report. Biodegradable plastics can ease this problem, contributing to the goal of a . "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. Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. 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. (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"); Economist blames foolish policy choices for economic woes. But if you want to get in on this opportunity, I encourage you to act quickly. 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. The incident happened at the Baidu Create 2019 . (Image Credit: Fortune Global Forum 2013 by Stefen Chow/Fortune Global Forum under CC BY-ND 2.0 license). This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or other advice. 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. node.parentNode.insertBefore(gads, node); The individual was not authorized to speak publicly about the project. Context: In 2017, the State Council, Chinas cabinet, set out goals aimed at making the country a world leader in AI by 2030. trillion in market cap which would be 35 Amazons.. But just like Alphabet and its core Google business, Baidu will still generate most of its revenue from online ads for the foreseeable future. @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}} Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Cost basis and return based on previous market day close. 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. Baidu co-founder and CEO Robin Li believes the future of road transport is robotic. 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. 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.. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ We are an AI technology company that builds fully autonomous SaaS products using the latest AI Software Technologies for our global customer base. Li said that more than 20 years after his decision not to go into biocomputing, the picture has changed. _ml.us.pc && _ml.us.pc.length > 0 && ga(gaSet, 'dimension5', _ml.us.pc[0]); gads.src = (useSSL ? To make the world smarter, happier, and richer. All Rights Reserved. So click here before everyone knows about this incredible opportunity. Get this delivered to your inbox, and more info about our products and services. By submitting this form, I acknowledge that I have read and understood the Privacy Policy and subscribe to receive communications from TechForge Media Ltd. We use technologies like cookies to store and/or access device information. 'https:' : 'http:') + '//www.googletagservices.com/tag/js/gpt.js'; 4 Top Emerging Technologies. from 8 AM - 9 PM ET. on that in a second, but Im amazed at how the super-rich are reacting to this in the world could be worth 35 Amazons? if (typeof ga != 'undefined' && _ml.us) { }); googletag.cmd = googletag.cmd || []; This increase in efficiency can also reduce carbon emissions and curb the negative impact of climate change. Para may delikadesa naman. Amazons Jeff Bezos stunned investors recently when he revealed that one emerging technology is the key to Amazons future success…. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. 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. During the conference, Li made a rather bold prediction: Artificial intelligence will not destroy human beings but will give people eternal life. fact,Bezos argues that its hard to overstate the impact of this var gads = document.createElement('script'); ga('create', 'UA-23827491-15', 'auto'); Please, check your inbox! ONPASSIVE brings in a competitive advantage, innovation, and fresh perspectives to business and technology challenges. All investing involves risk of loss. 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. googletag.defineSlot('/58361164/ai-news-MPU-top', [300, 250], 'div-gpt-ad-1597413589964-0').addService(googletag.pubads()); 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. One or even 100 companies may not be enough. googletag.defineSlot('/58361164/ai-news-Leaderboard-ROS', [728, 90], 'div-gpt-ad-1597413957672-0').addService(googletag.pubads());googletag.pubads().enableSingleRequest(); _ml.eid = '84460'; Even super investor Warren Buffett says that it will have a "hugely beneficial social effect". 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 . The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Li said hes an optimist when it comes to AIs ability to make lives better. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The Canadian fools may be using a similar pitch, but this one about a critical component from a company 1/6th the size of Amazon is still for NVIDIA. Baidu Inc's Chairman and Chief Executive Officer Robin Li Yanhong (L) attends an event marking the company's listing on Hong Kong Stock Exchange, at its headquarters in Beijing, China March 23 . ga('send', 'pageview'); And if youre an investor, I havent even told you the best part Because one remarkable company is absolutely dominating this exploding market. The key takeaways. } The company would be a standalone entity rather than a subsidiary of Baidu, the source said. The Canadian Motley Fool AI pitches have tended to be for either Blackberry (BB) or Open Text (OTEX). Find him on Twitter (@Gadget_Ry) or Mastodon (@gadgetry@techhub.social). }); WHAT in the world could be worth 35 Amazons? Baidu CEO Robin Li speaks virtually in Xirang, the company's metaverse product, about his vision of AI, December 27, 2021. Self-driving cars, particularly robotaxis, is one area where Baidu is investing heavily. BioMap is an AI-driven research and development platform focusing on precision medicine, co-founded by Baidu CEO Robin Li and former Baidu Ventures CEO Wei Liu in September 2020. At the time, Li applied for a job in Mercks research department and received an offer. The CEO Robin Li delivered a speech at the Emerging Engineering International Forum 2021, hosted by his alma mater Peking University, where he spoke about the engineering mindset that drives Baidu 's business and the company's commitment to cultivating five million AI talent in the next five years, contributing to China's growth as a . 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. 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 . Tags: ai, artificial intelligence, baidu, China, chinese, Featured, robin li, wic. With the full backing of the Chinese government, its understandable why Li continues to be bullish about Baidus AI investments. Everything every person has said and done, even peoples memories, emotions and consciousness, can be digitally stored on network disks or the cloud. Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. }); Ryan is a senior editor at TechForge Media with over a decade of experience covering the latest technology and interviewing leading industry figures. I met with Mr. Ash late last year and asked him directly, What portion of Baidu CEO Robin Li introduces the functions of Ernie Bot below the words for "Join Ernie Bot" during . }); More Machines can learn peoples way of thinking. } But iQiyi remains unprofitable -- and the higher mix of iQiyi's revenue is reducing Baidu's margins. 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. 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. Your email address will not be published. But if you want to get in on this opportunity, I encourage you to act quickly. Baidu isn't expected to be the controlling shareholder in the new venture. . Got a confidential news tip? _ml.us.dm && ga(gaSet, 'dimension4', _ml.us.dm); //send custom event to ga ga(gaSend, {'hitType': 'event', 'eventCategory': 'CCM', 'eventAction': 'Loaded Profile', 'nonInteraction': 1}); }); 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. Baidu has since not only been asking employees to fly economy rather than business, and not . 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. Li also used his speech to announce that his new firm BioMap has now received funding of 1bn renminbi (approximately US$156m). 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. The 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" When so many successful people are all saying the same thing, it usually pays to listen. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. googletag.defineSlot('/58361164/TheBlockMPUv2', [300, 250], 'div-gpt-ad-1489592495402-0').addService(googletag.pubads()); Simply click here to gain instant access to this report. Baidu CEO Robin Li pivoted his entire company which includes his $8.7 billion stake -- to take advantage. Billionaire and Baidu CEO Robin Li on Thursday . And you are going to want to see this report before you invest $1 on any tech company. })(); Please do not use personal information (like your email address) in the text of your comments. Kaso si pacquiao to #1 turncoat/balimbing/fyting senator from ginsan walang concept ng delikadesa to haha. Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. 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. Leo Sun owns shares of Baidu, JD.com, and Tencent Holdings. enable: true 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? Why is Scotland building a memorial for Indian and Pakistani soldiers? })(); He covered Chinese artificial intelligence, mobility, cleantech, and cybersecurity. /*Header Leaderboard (728x90)*/ 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. This field is for validation purposes and should be left unchanged. Machines can learn peoples way of thinking., Li as cited in the South China Morning Post. Last month, the company launched public trials in the Hunan province consisting of 45 autonomous taxis. The content has not been edited You think our visionary leader and CEO Mr. Ash Mufareh is taking us in the right direction with our AI with heart? The answer is a radical breakthrough that Wired says is the rocket fuel of the AI.. 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. Learn how your comment data is processed. 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). 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. 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 . 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. Baidu CEO Robin Li pivoted his entire company which includes his $12.9 million stake to take advantage of it . 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.

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