Top 8 AI News Updates on Wall Street’s Radar

5. Baidu Inc. (NASDAQ:BIDU)

Number of Hedge Fund Followers: 50

Baidu, Inc. (NASDAQ:BIDU) is a Chinese technology company offering AI and internet services, including video streaming and discussion forums. The company’s search engine is the most popular in the country. In recent years, the company has accelerated its AI investments to position itself as a leader in the mainland’s dynamic tech landscape.

On March 28th, Baidu Inc. (NASDAQ:BIDU) said its autonomous ride-hailing platform, Apollo Go, executed a strategic cooperation agreement with the Roads and Transport Authority of Dubai to roll out autonomous driving testing and services across the city. The agreement will see Apollo Go deploy 100 fully autonomous vehicles in urban Dubai by 2025-end, with plans to scale the fleet to at least 1,000 by 2028.

“We see strong synergy between our mission and Dubai’s ambitious vision for autonomous transportation. It is a privilege to partner with the RTA and support its goal of making 25% of the city’s transportation autonomous by 2030. With Apollo Go’s proven success in China and Baidu’s cutting-edge expertise in AI and autonomous driving, we are excited to introduce safe, efficient, and sustainable autonomous mobility solutions to the region.”

-said Yunpeng Wang, corporate vice president of Baidu Inc.”