Baidu's move comes as China's technology companies try to boost their presence in healthcare, a move accelerated by the coronavirus pandemic. The increasing scrutiny from the US over Chinese influence in Western companies and infrastructure, leading to an increasing number of Chinese firms being added to an entity list, may reduce such collaborations. Learn More. And with everything Im hearing coming out of Silicon Valley and Wall StreetI dont feel like Im very far out on a limb with this bold prediction: Five years from now, youll probably wish youd bought this stock. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. And this giant leap forward has many on Wall Street very excited. AI & ML Development Company | The Future of Internet | ONPASSIVE Lis main business, Baidu, has clashed with the Chinese authorities in recent times. The biotech company will try to use artificial intelligence (AI) and computing to develop drugs and make early-stage diagnoses of diseases such as cancer, the person said. Cost basis and return based on previous market day close. And this giant leap forward has Wall Street insiders seeing dollar signs. } Tencent and Bytedance pose a serious threat to Baidu in competition for revenue as advertisers tighten their belts. var googletag = googletag || {}; are those of the author alone. googletag.defineSlot('/58361164/ainews-Homepage-HalfPage-(300x600)-Middle', [300, 600], 'div-gpt-ad-1597413031575-0').addService(googletag.pubads()); Christopher Udemans is TechNode's former Shanghai-based data and graphics reporter. Last month, the company launched public trials in the Hunan province consisting of 45 autonomous taxis. Cision Distribution 888-776-0942 _ml.us.dm && ga(gaSet, 'dimension4', _ml.us.dm); Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Oppo Find N2 Flip: Opposfirst foldable impresses with smart design, BYD net profit up 410% y-o-y, but down 44% on previous quarter, Recommended posts with shopping links must be labeled advertising starting May, Germany may restrict export of chip chemicals to China: report, Lifestyle app Xiaohongshu tests group-buy service: report, Vivo V27 Pro: a stylish mid-range offering, Redmi unveils worlds first Harry Potter branded phone, the Note 12 Turbo, Huawei declares return to normal operations in 2023 despite ongoing restrictions, Vivo X90 Pro: Worthy flagship with professional camera, Proudly powered by Newspack by Automattic.