Baidu’s ‘do-or-die’ bet on AI

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 7 February 2024

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Baidu made it big as China’s go-to search engine. But in the past decade the tech giant has struggled, while competitors such as Alibaba and Tencent have soared ahead. The FT’s China tech correspondent Ryan McMorrow looks at chief executive Robin Li’s latest venture, in artificial intelligence, and whether this will be enough to turn the company around.

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For further reading:

Baidu’s bet on AI could make or break China’s fallen tech group

Tightened US rules throttle Alibaba and Baidu’s AI chip development

Baidu shares fall after Ernie AI chatbot demo disappoints

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On X, follow Ryan McMorrow (@rwmcmorrow) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.3	And take action today.
0:38.8	Back in September, Robin Lee, the CEO of one of China's biggest tech companies, Baidu, appears for a speech at a conference in Beijing.
0:41.9	He's wearing a black button down with the Baidu logo stamped on his shirt.
0:45.0	So you know, do you chong me to like,
0:48.0	she'll have been a male-y.
0:50.0	In his speech, Lee has a clear message to the other entrepreneurs and
0:57.6	executives at the conference. Don't compete with Baidu. So it's a bit of an
1:02.3	odd message,
1:03.4	essentially telling the competition,
1:05.8	stay away, don't even try.
	...

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