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  4. Baidu Says They are a 'Generation Ahead’ of Tesla
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Baidu Says They are a 'Generation Ahead’ of Tesla

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...
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Baidu Says They are a 'Generation Ahead’ of Tesla © Reuters. 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.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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