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China's Baidu says it expects 'limited' impact from U.S. chip curbs – CNBC

“We think the impact is quite limited in the near future,” Dou Shen, govt vice chairman and head of Baidu AI Cloud, stated of the U.S. chip export controls.

Jade Gao | Afp | Getty Photographs

Chinese language tech firm Baidu expects that influence from U.S. chip sanctions on its companies will probably be “limited,” an organization govt stated on Tuesday throughout a Q&A session of its third quarter earnings name.

In October, the United States imposed export controls limiting American companies from promoting semiconductors and chipmaking gear to Chinese language chip producers.

“We think the impact is quite limited in the near future,” stated Dou Shen, govt vice chairman and head of AI Cloud group, in response to an viewers member’s query about how the curbs will have an effect on Baidu’s skill to develop its synthetic intelligence cloud computing arm and autonomous driving companies, which rely on superior AI chips.

“A large portion of our AI Cloud business and even wider AI business does not rely too much on the highly advanced chips,” stated Shen.

Baidu additionally runs a robotaxi enterprise, Apollo Go, which has secured permits in Beijing, Wuhan and Chongqing’s Yongchuan District to run a totally driverless business robotaxi service in these locations.

“And for the part of our businesses that need advanced chips, we have already stocked enough in hand to support our business in the near term,” he stated.

Learn extra about tech and crypto from CNBC Professional

Shen added that Baidu develops its personal AI chip, named Kunlun. He stated Baidu has already began to make use of Kunlun chip to assist some large-scale AI-computing duties internally and to serve exterior prospects.

“Because we have full stack of AI capabilities from chips to frameworks to foundation models and to application software, we can achieve much higher efficiency as we optimize the AI tasks from end to end,” Shen stated.

He added that automotive chips should not on the prohibited listing. “So, this means that in the near future, in-vehicle computing is not affected,” he stated.

An analyst advised CNBC’s “Squawk Box Asia” Wednesday that Baidu is “absolutely” a high decide, citing chip resilience as one of many causes.

“They are diversifying the manufacturing into their own facility and starting to use their own chips, Kunlun, for advanced applications,” stated James Lee, a U.S. and China web analyst from Mizuho Securities.

Baidu posted yesterday a better-than-expected achieve in income after value cuts bolstered its backside line. Internet advertising additionally carried out higher than anticipated regardless of difficult financial situations corresponding to Covid restrictions and inflation.

Baidu inventory rose 2.61% Wednesday and is down 35.7% yr up to now.

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