The company posted its first quarterly loss in the second quarter since it went public in the US in 2005. In that context, it makes sense for Baidu to expand its AI services into the digital healthcare market. 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. The company would be a standalone entity rather than a subsidiary of Baidu, the source said. The company has made increasing efforts to pivot toward enterprise solutions, including cloud computing and AI, as competition in the consumer market increases. /*Header Leaderboard (728x90)*/ Photo: AFP Baidu chief executive Robin Li has revealed his vision for the future of mobility - a vehicle he . Alibaba, Tencent-backed WeDoctor and Huawei have gone into fields including drug deliveries, online consultations with doctors, and medical image analysis. Billionaire and Baidu CEO Robin Li on Thursday . Every Wednesday and Friday, TechNodes Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. 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 discover new drugs and treatments using AI data handling. And this giant leap forward has many on Wall Street very excited. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Baidu Apollo Releases Major Product Updates to Help Manufacturers Build Smarter Cars for Tomorrow, Baidu, Inc. Thanks to Baidu's success, Robin Li has amassed an astounding $16.3 billion dollar. It generates most of its revenue from online ads scattered across its search engine, related portals, and mobile apps. Individual investment results may vary. The CEO of ARK Investments takes Bezos further: We think [it] could approach $17 trillion in market cap which would be 35 Amazons.. Because Ive laid out the full story on this incredible tech trend in an exclusive report. 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. on that in a second, but Im amazed at how the super-rich are reacting to this if youre an investor, I havent even told you the best part Because one This year, Baidus stock price has dropped 36 percent. His wife, however, stopped him from taking the job. Earlier this year, Baidu gave away an algorithm it calls "LinerFold" for free to gene-testing agencies, epidemic control centers and research institutions. Chinas State Council released a roadmap two years ago aimed at making the country a global AI leader by 2030 as it ramps up competition with the US. Would love your thoughts, please comment. What stock is this? "CEO Says This Is Worth 35 Amazons" - Reddit Baidu declined to comment when contacted by CNBC. Members of the editorial and news staff of USA TODAY Network were not involved in the creation of this content. Baidu Launches Its Answer To ChatGPT, But Shares Take A Tumble - Forbes 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.