Baidu’s self-driving project swerves to profit-chasing after burning cash for years
Baidu’s loss-making autonomous-driving project Apollo will focus on generating revenue and profits after a seven-year testing phase, as the Chinese internet search giant pivots to generative artificial intelligence (AI), according to an internal letter written by the unit chief. While Baidu is one of the country’s leading players in self-driving vehicle technology, it has yet … Read more
