Baidu – China’s equivalent of Google – has launched a $1.5 billion fund for autonomous car technology.
The company’s newly established Apollo Fund will invest in 100 autonomous driving projects in the next three years.
Meanwhile, Baidu has unveiled the latest iteration of its Apollo open-source autonomous driving platform, Apollo 1.5. The
Apollo platform has gathered 70 partner companies so far. Continue reading Chinese search giant Baidu launches $1.5 billion fund for autonomous car tech
Baidu self-driving car being showcased at a recent company conference
Baidu, which is China’s equivalent of Google, has accelerated the development of its self-driving technology by opening up its software to outside companies.
The Chinese internet search giant has been building its autonomous vehicle operating system for quite some time, testing it on a variety of vehicles in China.
Now it will give away that software for free, probably in an effort to steal a march on global competitors such as Google, Apple and a growing number of other tech companies which are developing artificial intelligence systems which can drive cars all by themselves.
Continue reading Baidu opens up its software to accelerate development of self-driving technology with 50 other companies in ‘autonomous driving ecosystem’
Ford Motor and Baidu, one of China’s premier search engines, have made a joint investment of $150 million in Velodyne LiDAR – a supplier of the technology that could create self-driving cars.
The investment was made in order to help Velodyne find ways of lowering the costs of producing the technology, which involves expensive light-sensitive radars that allow cars to see a 3D version of their surroundings for up to 200 meters at all times.
Velodyne was already able to lower the cost of its technology from $80,000 to $8,000. However, once the company focuses on mass production, Velodyne expects that the price would be much lower thanks to the R&D investments of both Ford and Baidu.
Continue reading Ford, Baidu invest in company that produces tech for self-driving cars