BAIDU FINDS ENERGY IN AI AND AUTONOMOUS AUTOMOBILES
Baidu’s absolutely consolidated non-GAAP working revenue dropped by 38% year-on-year within the third quarter, however analysts level to energy for the corporate in its shift to automotive functions for synthetic intelligence (AI).
Emilio Campa, Analyst within the Thematic Crew at GlobalData, a number one knowledge and analytics firm, highlights Baidu’s new strategic alignment with Beijing’s priorities.
“Baidu is a powerful participant in each synthetic intelligence (AI) and autonomous automobiles themes – scoring 5 and 5, respectively, in GlobalData’s automotive thematic scorecard,” she says. “Additional, these themes are integral to Beijing’s world technique, which supplies Baidu an extra benefit, and successfully maximises on its already sturdy place.
“Baidu ranks solely second to Tesla in GlobalData’s automotive thematic scorecard, by which 75 corporations are scored in opposition to the ten largest ‘themes’ impacting the sector. The corporate scored 5 out of 5 in half of those themes, together with ‘autonomous automobiles’, ‘China influence’, ‘era hashtag’, ‘transport as a service’, and ‘AI’.”
Campa additionally factors out that Baidu scores poorly in environmental, social and governance (ESG). “Its lack of give attention to this space will hurt it in the long term. Equally to its strengths, the corporate’s lack of ESG focus parallels China’s lack of give attention to environmental influence. Nevertheless, with corporations going through higher world scrutiny over their environmental influence, and buyers placing extra emphasis on ESG, Baidu ought to guarantee it turns into a regional chief to take care of its already sturdy place in opposition to opponents akin to BYD and CATL.”
automobilnews.eu |
