Mexican Media Brands
Baidu Launches $1.5 Billion Autonomous-Vehicle Tech Fund
Chinese internet services giant Baidu Inc. has unveiled a 10 billion-yuan ($1.5 billion) fund to promote projects related to the technologies needed for self-driving vehicles.
Share
Chinese internet services giant Baidu Inc. has unveiled a 10 billion-yuan ($1.5 billion) fund to promote projects related to the technologies needed for self-driving vehicles.
Baidu says its new Apollo Fund will invest in 100 such programs between now and 2020. The announcement comes as the company releases Apollo 1.5, a more powerful second-generation version of its autonomous-vehicle operating platform.
The open-source software, which began as an internal project at Baidu, is part of a 70-partner consortium that aims to put a fully automated car on the road in China by 2020.
RELATED CONTENT
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
