"Baidu has reportedly invested 20 billion RMB ($2.9 billion) in research and development in recent years, with the majority of this money going to AI. Last year alone, Baidu allocated $200 million to AI and AR development through its Baidu Research arm, which includes dedicated research divisions the Big Data Lab, Silicon Valley Lab, Institute of Deep Learning, and the Augmented Reality Lab, which it launched in February."
"While our investment in AI is a long-term proposition, we are already seeing the powerful benefits of AI bear fruit across our existing platform. With AI set to play an increasingly important role across all major industries, we are confident that Baidu's technology advantage positions us to both enable and participate in the growth and transformation of China's AI-powered industries," said Li."
Baidu has shifted strategic focus from search and mobile advertising toward technology and artificial intelligence. The company controls about 80% of China's mobile search and 60% of PC search, providing extensive data for AI-powered predictive search. Baidu reportedly invested 20 billion RMB in research and development, with major AI funding including $200 million allocated last year through Baidu Research and labs such as the Big Data Lab, Silicon Valley Lab, Institute of Deep Learning, and the Augmented Reality Lab. Baidu recruited Microsoft's AI executive Qi Lu as vice chairman, group president and COO. Baidu achieved early AI successes with Deep Speech 2 and autonomous vehicle projects.
Read at The Drum
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