Stock Market News

Baidu Says They are a ‘Generation Ahead’ of Tesla

2022.08.16 19:30

Baidu Says They are a 'Generation Ahead’ of Tesla
Baidu (BIDU) Says they are ‘A Generation Ahead’ of Tesla (TSLA)

By Michael Elkins

Robin Li, co-founder, and executive chairman of Baidu (NASDAQ:BIDU), a Chinese technology company, recently made a statement saying that his company’s technology is “a generation ahead of the one already used by the North American brand Tesla” (NASDAQ:TSLA).

Baidu introduced its new electric and autonomous model, the Apollo RT6, a few days ago. The company announced last week that they had secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.

Baidu’s robotaxis utilize extensive use of LiDAR sensors. LiDAR sensors use pulsating light waves to provide a high-resolution 3D view of their surroundings, enabling autonomous vehicles to “see” the world in 3D. Tesla CEO, Elon Musk has repeatedly denied using this type of equipment on his models, despite the fact that most of the automobile industry sees it as a necessary element for the next generation of cars to achieve full autonomy.

“Our understanding of smart vehicles is that being electric is the semi-final while being intelligent is the final,” said Li.

Li said that in the next 10-20 years, Baidu will focus on marathon-style investments to “ensure absolute leadership in artificial intelligence and autonomous driving technology.” He plans to deliver up to 800,000 units by 2028 and expand the robotaxis to 100 cities in China.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,476.12 1.23%
ethereum
Ethereum (ETH) $ 3,356.37 0.19%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 249.70 2.82%
bnb
BNB (BNB) $ 655.39 1.24%
xrp
XRP (XRP) $ 1.39 9.69%
dogecoin
Dogecoin (DOGE) $ 0.418541 10.97%
usd-coin
USDC (USDC) $ 1.00 0.07%
cardano
Cardano (ADA) $ 1.02 5.99%
staked-ether
Lido Staked Ether (STETH) $ 3,357.36 0.08%
tron
TRON (TRX) $ 0.208088 4.07%
avalanche-2
Avalanche (AVAX) $ 40.34 4.98%
stellar
Stellar (XLM) $ 0.545303 22.62%
the-open-network
Toncoin (TON) $ 6.07 6.62%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 6.63%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,982.36 0.01%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,282.06 1.16%
polkadot
Polkadot (DOT) $ 8.56 7.89%
chainlink
Chainlink (LINK) $ 16.83 1.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 501.66 5.34%
weth
WETH (WETH) $ 3,357.61 0.13%
sui
Sui (SUI) $ 3.36 5.34%
pepe
Pepe (PEPE) $ 0.00002 6.99%
leo-token
LEO Token (LEO) $ 8.73 1.92%
near
NEAR Protocol (NEAR) $ 6.35 1.16%
litecoin
Litecoin (LTC) $ 96.47 6.96%
aptos
Aptos (APT) $ 12.10 4.08%
uniswap
Uniswap (UNI) $ 10.76 2.75%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,536.61 0.11%
hedera-hashgraph
Hedera (HBAR) $ 0.14714 2.53%
internet-computer
Internet Computer (ICP) $ 11.10 1.42%
usds
USDS (USDS) $ 0.996067 0.36%
crypto-com-chain
Cronos (CRO) $ 0.19124 0.71%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.551128 0.11%
ethereum-classic
Ethereum Classic (ETC) $ 28.66 3.00%
render-token
Render (RENDER) $ 7.71 0.25%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.13%
bittensor
Bittensor (TAO) $ 517.04 1.16%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46 9.15%
kaspa
Kaspa (KAS) $ 0.149264 5.42%
whitebit
WhiteBIT Coin (WBT) $ 24.51 0.60%
dai
Dai (DAI) $ 1.00 0.05%
arbitrum
Arbitrum (ARB) $ 0.845067 1.48%
cosmos
Cosmos Hub (ATOM) $ 8.81 10.42%
bonk
Bonk (BONK) $ 0.000045 11.26%
vechain
VeChain (VET) $ 0.041633 4.01%
filecoin
Filecoin (FIL) $ 5.57 7.20%
mantra-dao
MANTRA (OM) $ 3.68 6.62%
okb
OKB (OKB) $ 53.17 4.12%
dogwifcoin
dogwifhat (WIF) $ 3.15 8.05%