Baidu enters race to dominate era of driverless cars
Beijing
WANG Jing bought his first car, a Dodge Shadow, with US$3,000 he scratched together working three part-time jobs in the US as a postgraduate student in Florida. These days, the senior vice-president in charge of Baidu Inc's autonomous driving efforts is far better paid. He's also a man on a mission: to push China to the forefront of the coming driverless-car era.
Baidu joins a crowded field. Google Inc, which started developing autonomous cars in 2009, has tested self-driving vehicles for more than 3.2 million kilometres and is considering making its self-driving car unit a standalone business under the Alphabet Inc corporate umbrella later this year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think