Chinese tech giant Baidu reportedly plans to launch an AI chip company

Baidu is reportedly planning to launch a subsidiary AI chip firm, which could boost China‘s efforts to develop a domestic semiconductor industry. CNBC reports that the search giant is in talks with venture capital firms GGV and IDG Capital about investing in the venture. The company would sell chips to customers in various industries, including automakers, and could also support Baidu’s work on electric and autonomous vehicles. A source told CNBC that Baidu would likely be the majority shareholder of the subsidiary. [Read: How Polestar is using blockchain to increase transparency] The news comes as China pushes to strengthen its homegrown…

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Volvo owner Geely partners with China’s biggest search engine company on autonomous cars

Geely, the Chinese owner of Volvo, Lotus, and Polestar, is going to work with Chinese search giant Baidu to develop electric cars, which will feature connected and autonomous technologies. According to reports, the two companies are forming a partnership, which will create a new sub-brand for the vehicles. They’ll be built on Geely’s electric platform and will be fitted with mapping and infotainment features developed by Baidu. With that in mind, we can think of this as a Chinese version of Android Automotive, which as it happens, was featured for the first time in another Geely-made vehicle, the Polestar 2.… This story continues at The Next Web

How Polestar is using blockchain to increase transparency

Annual car sales are unlikely to reach pre-COVID-19 levels anytime soon. In fact, experts say that the rate of recovery is forecasted to be a result of a slowdown in internal combustion engine (ICE) vehicles, with electric vehicles gaining a positive trajectory during the pandemic recovery period and beyond. According to a recent Deloitte study, EVs are likely to secure 32% of the global market share for new car sales by 2030.  More electric vehicles! Sounds great for the environment, right? Yes, but electric car manufacturers have to tread carefully. More EVs means more batteries, and it’s essential that companies source… This story continues at The Next Web

These five AI developments will shape 2021 and beyond

The year 2020 was profoundly challenging for citizens, companies, and governments around the world. As covid-19 spread, requiring far-reaching health and safety restrictions, artificial intelligence (AI) applications played a crucial role in saving lives and fostering economic resilience. Research and development (R&D) to enhance core AI capabilities, from autonomous driving and natural language processing to…

Everyone’s obsessed with Clubhouse, so Facebook is reportedly making its own

If you’re on Twitter, it’s very hard to escape discussions about Clubhouse — the audio-based social network that lets you chat with other people in real-time. It’s whipping up such a storm that Facebook has decided to make its own version. According to a report from The New York Times, the social network is experimenting with building an audio product that’s akin to Clubhouse. This development comes days after Mark Zuckerberg made an appearance on the audio-based app last week, to talk about augmented reality and virtual reality. [Read: How Polestar is using blockchain to increase transparency] A Facebook spokesperson… This story continues at The Next WebOr just read more coverage about: Facebook

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