Hi-tech, Intel and Baidu to Collaborate in 5G, AI and autonomous driving. What about Trump’s Trade War? Business dialogue between US and China is ongoing process
Is the Trade War already finished? Not yet. Trump says Washington will hit China with more tariffs, but US based tech giant still keeping to invest in China, despite White House’s foreign policy. On July 30th, the multinational tech giant Intel signed a Memorandum of Cooperation with Chinese tech company Baidu for a three-year relationship in Baidu’s core business areas such as AI and 5G.
According to the Memorandum, Intel will provide products and technologies to support Baidu in upgrading Baidu’s artificial intelligence (AI) strategy, including cloud services, autonomous driving and optimizing Intel’s platforms as well as solutions.
©Intel, Baidu and Intel signed a Memorandum of Cooperation on July 30th, 2019
More specifically, both parts will optimize Intel technology for a wide range of Baidu platforms, products and services, such as Baidu’s AI cloud, mobile search/feed, video streaming, the AI platform BaiduBrain, the deep learning platform PaddlePaddle, the autonomous driving platform Apollo and the voice assistant platform DuerOS.
The deal will also leverage various Intel technologies, including power and cooling solutions in the data center, the Xeon Scalable platform, the Optane DC Persistent Memory, Optane DC SSD, silicon photonics, ethernet, AI accelerators and the Intel software stack.
Baidu has been investing on its autonomous driving technology to consolidate its position as sector’s forerunner in China.
According to Baidu vice president Li Zhenyu at Baidu Create 2019, over 300 self-driving cars have finished over 2 million kilometers test driving in 13 cities. Despite China’s largest search engine, with 70% of the search market, has been facing deeply negative performances and increased competition from Tencent’s WeChat, China’s all-in-one app, and newer arrivals like Bytedance; Baidu recorded $14.88 billion in revenues for the year and $4 billion in net profit, and reported strong growth in users for its mobile app and voice-recognition software.
Nevertheless Beijing based tech-giant posted a 50% drop in net profit for the quarter, it has set high goals for developing artificial intelligence, from self-driving cars to personal assistants, in the hopes that it will dominate the field in China and beyond. And the new agreement with Intel is moving to this direction.
Robin Li, chairman, chief executive officer and co-founder of Baidu Inc.
Baidu Ventures, the venture capital arm of the Chinese search giant, was last year the world’s most active corporate venture investor in AI, as measured in number of deals, according to report this week from investment research firm CB Insights. The company placed its bets on companies using AI in a variety of ways.
Its biotech picks included two San Francisco-based start-ups: Atomwise, which uses deep learning to speed up the drug discovery process, and Engine Biosciences, which applies machine learning to genomics for drug discovery.
In Beijing headquarter, everybody is conscious how the diversification of Baidu’s business from mobile internet into the smart home, smart transportation and more will require heavy investments. Nevertheless, these investments taken together give Baidu a balanced portfolio, now PRC’s tech giant hopes to see these investments bear fruit and accelerate Baidu’s revenue growth in the coming years.