He believes that AI will bring revolutionary changes to how humans and machines interact and act as a force for good. 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 . We hope to build an open biocomputing innovation ecosystem between scientists and entrepreneurs to explore the vast no mans land of life sciences.. 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. 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. AI is the Transformative Force Revolutionizing Future Human Development in the world could be worth 35 Amazons? 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. CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool . 4 Top Emerging Technologies. ONPASSIVE brings in a competitive advantage, innovation, and fresh perspectives to business and technology challenges. listen. Copyright 2023 AI News. WHAT UK fibre: survival of the fittest and fattest? Simply click here to gain instant access to this report. Baidu CEO lists eight technologies set to transform human life Please do not use personal information (like your email address) in the text of your comments. Baidu CEO Robin Li speaks virtually in Xirang, the company's metaverse product, about his vision of AI, December 27, 2021. googletag.cmd.push(function() { Today, the field of biocomputing also has three key indicators that are growing rapidly, which together promote biocomputing to create greater value for mankind, he said. Because Ive laid out the full story on this incredible tech trend in an exclusive report. 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). The Motley Fool owns shares of and recommends Amazon and Baidu. // Currently disabled 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. The decline of Baidu's ad business forced the company to rely more heavily on iQiyi, the video streaming unit it spun off in an IPO in 2018, for revenue growth. Baidu becomes the first Chinese firm to join US-led A.I. body googletag.enableServices(); As China has made high-tech a pillar of development until at least 2035, Baidu will play a central role. Robin Li - Forbes Baidu CEO Robin Li beamed into the virtual venue in "Xirang," Baidu's metaverse product released in November, to talk about his vision for AI in the next ten years. What stock is this? "CEO Says This Is Worth 35 Amazons" - Reddit We are an AI technology company that builds fully autonomous SaaS products using the latest AI Software Technologies for our global customer base. gtag('js', new Date()); The annual event was held at the Shanghai World Expo Exhibition and Convention Center, aiming to promote the exchange of global AI innovation and build a world-class industrial cluster of AI. And this giant leap forward has many on Wall Street very excited. GlobalData forecasts that the market for AI platforms for the entire healthcare industry will reach $4.3bn by 2024, up from $1.5bn in 2019. googletag.defineSlot('/58361164/ai-news-MPU-top', [300, 250], 'div-gpt-ad-1597413589964-0').addService(googletag.pubads()); 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. 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. All investing involves risk of loss. Currently, one ADS represents eight Class A ordinary shares. Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Context: In 2017, the State Council, Chinas cabinet, set out goals aimed at making the country a world leader in AI by 2030. This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or other advice. 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. .gform_wrapper .gfield { Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. CEO says ONPASSIVE is Worth 35 Amazons | ONPASSIVE function gtag(){dataLayer.push(arguments);} 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. Competition seems to be the more pressing issue, since rival platforms like Tencent'smessaging app WeChat, ByteDance's Douyin (known as TikTok overseas), and the anime and gaming platform Bilibili all generated stronger ad revenue growth than Baidu over the past year. All Rights Reserved. Would love your thoughts, please comment. 2023 CNBC LLC. }); googletag.pubads().enableSingleRequest(); CEO says this is worth 35 Amazons. Amazon's Jeff Bezos stunned Li said that more than 20 years after his decision not to go into biocomputing, the picture has changed. 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. 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. '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). @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}} 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. Photo: AFP Baidu chief executive Robin Li has revealed his vision for the future of mobility - a vehicle he . [+] an event in Beijing, Thursday, March 16, 2023. Powerful algorithms can be used to scan medical images or help develop drugs faster than humans can. Robin Li | Stanford eCorner }); googletag.defineSlot('/58361164/ai-news-MPU-(300x250)2-Middle', [300, 250], 'div-gpt-ad-1597413789574-0').addService(googletag.pubads()); CEO of ARK Investments takes Bezos further: We think [it] could approach $17 Li's net worth is particularly remarkable when you consider . ". Jeff Bezos stunned investors recently when he revealed that one emerging , , , , Five planets line up with Moon in night sky, A deeper lesson behind celebrating Womens History MonthWomens History Month. One or even 100 companies may not be enough. Because inside youll discover why some mega-rich investors are rushing to cash-in on this tech trend. Supreme Court rules against immigrants in temporary status seeking green cards. 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. googletag.enableServices(); 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. 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. Li used the Game of Thrones phrase that "winter is coming" following a first-quarter loss. It might seem odd for Baidu to invest money in AI-powered biotech tools considering the challenges it's facing. (function () { 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.
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