Chinese tech company Baidu's Apollo Go robotaxi business plans to expand to Europe this year, according to a source familiar with the matter. The company's Apollo Go robotaxi unit operates fully driverless taxis for the public, including in a suburb of Beijing and in other cities in China.
Chinese technology giant Baidu is preparing to test its driverless ride-hailing service, Apollo Go, in Europe for the first time, the Wall Street Journal reported on Tuesday.
The Chinese internet giant is preparing to test its driverless ride-hailing service for the first time in Europe.
In the most recent trading session, Baidu Inc. (BIDU) closed at $87.65, indicating a +1.1% shift from the previous trading day.
Baidu, Inc. BIDU shares have gained 7.8% in the past month, above the Zacks Internet – Services industry's 3.4% increase and the Zacks Computer and Technology sector's rise of 4.5%. Despite this uptick, BIDU remains about 25.4% below its 52-week high of $116.25 (versus a low of $74.71).
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Ever wished you could understand what your cat is trying to tell you? A Chinese tech company is exploring whether it's possible to translate those mysterious meows into human language using artificial intelligence.
Here is how Baidu Inc. (BIDU) and AAC Technologies Holdings Inc. (AACAY) have performed compared to their sector so far this year.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Baidu Inc. (BIDU) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, BIDU crossed above the 200-day moving average, suggesting a long-term bullish trend.
Baidu Inc. (BIDU) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, BIDU broke through the 50-day moving average, which suggests a short-term bullish trend.
Baidu's AI and robotaxi businesses are key growth drivers, with AI user acquisition strategies and Apollo Go expected to boost revenue by 2025. Despite headwinds like potential delisting and geopolitical risks, Baidu remains undervalued, trading at 8.7x forward earnings, a significant discount to peers. Baidu's Cloud services and ERNIE AI platform show strong growth, with a 178% increase in daily API calls, indicating successful user adoption.