8 May, 2017
To Chinese search engine operator Baidu, the future is set in stone. The company, dubbed the Google of China, has been investing heavily in artificial intelligence, betting that smart machines will disrupt industry after industry.
Of the 20 billion yuan ($3 billion) Baidu spent in research and development over the past two and a half years, the majority goes to AI, the company’s vice president and head of artificial intelligence group Wang Haifeng told FORBES in a recent interview. In the past quarter alone, R&D expenses went up by another 35% to $412 million from a year…