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Chinese search engine Baidu Inc announced a 10 billion yuan (US$1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.


The "Apollo Fund" will invest in 100 autonomous driving projects over the next three years Nike Vapormax Plus Kids For Sale , Baidu said in a statement.


The fund's launch coincides with the release of Apollo 1.5, the second generation of the company's open-source autonomous vehicle software.


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It comes amid a wider reshuffle of Baidu's corporate strategy as it looks for new profit streams outside its core search business Nike Vapormax Plus Womemns For Sale , which lost a large chunk of ad revenue in 2016 following strict new government regulations on medical advertising.


Baidu's Apollo project - named after the NASA moon landing - aims to create technology for completely autonomous cars, which it says will be ready for city roads in China by 2020.


It now has 70 partners across several fields in the auto industry, up from 50 in July Nike Vapormax Plus For Sale Free Shipping , it says. Existing partners include microprocessors firm Nvidia Corp and mapping service TomTom NV.



AnimalsWhale and dolphin watching San Diego fills new experience with sea

Posted by johnsmith001 in Animals on May 27th, 2018


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