- Baidu, Inc (NASDAQ:BIDU) introduced a robotaxi service for the public in Wuhan between 7 am – 11 pm without safety drivers behind the wheel.
- Previously, Baidu’s crewless vehicles could only operate from 9 am – 5 pm in the city, TechCrunch reports.
- Also Read: Cruise Expands Robotaxi Service In Additional Cities In Record Time, CEO Says
- The scheme will likely cover one million customers in some regions of Wuhan. The city has more than 10 million people.
- Like most autonomous vehicle startups, Baidu combines a mix of third-party cameras, radars, and lidars to help its cars see better in low-visibility conditions, in contrast to Tesla Inc’s (NASDAQ:TSLA) vision-based solution.
- In August, Baidu started offering fully driverless robotaxi rides, charging passengers at taxi rates.
- One of the moats Baidu built is its visual-language model for identifying unseen or rare objects in long-tail scenarios. The AI is backed by Wenxin, the same large model that undergirds its text-to-image art platform.
- The model will enable autonomous vehicles to quickly make sense of an unseen object, like special vehicle (fire truck, ambulance) recognition, plastic bag misdetection, and others,” Baidu previously said.
- Additionally, Baidu’s autonomous driving perception model, a sub-model of the WenXin Big Model, leveraged more than 1 billion parameters to improve the potential of autonomous driving perception.
- Price Action: BIDU shares traded higher by 1.86% at $113.69 premarket on the last check Tuesday.
- Photo via wikimedia Commons
SVB Leerink Maintains Outperform on Inspire Medical Systems, Lowers Price Target to $265
SVB Leerink analyst Richard Newitter maintains Inspire Medical Systems (NYSE:INSP) with a Outperform and lowers the price target from $275 to $265.
