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Baidu- The first Chinese firm to join U.S. artificial intelligence ethics group

BEIJING: Chinese search engine Baidu Inc has become the first Chinese company to join an artificial intelligence (AI) ethics group led by top U.S. tech firms, amid wider political clashes over AI competition between China and the United States. The Partnership on AI (PAI), which counts Alphabet Inc’s Google, Apple Inc and Facebook Inc as members, is a body that develops ethical guidelines for AI research, including ensuring research does not violate international conventions or human rights. Last year China’s industry…

Baidu video streaming unit iQiyi launches $2.4 billion US IPO

Chinese video streaming service provider iQiyi, a unit of search engine giant Baidu, has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content. The listing is expected to give the firm extra financial muscle as it squares off against rivals in the Chinese market, including Alibaba Group service Youku Tudou. It plans to offer 125 million American depositary shares priced at $17 to $19 each, the company said in a filing to the U.S. Securities and Exchange…

China’s Baidu being probed after CEO tests driverless car on public roads

BEIJING: Baidu, China's biggest search engine provider, is under investigation to determine whether it had broken any laws after its chief executive tested a driverless car on public roads, Beijing's traffic police said on Thursday. The firm, China's answer to Alphabet's Google, is taking a leading role in the development of self-driving cars in China and beyond. It unveiled a broad alliance for self-driving cars on Wednesday as it aims to get such vehicles on the road in China by 2019. But Baidu may now face sanctions…