Seeking Alpha

Baidu hires Google A.I. expert to spearhead $300M initiative

  • Baidu (BIDU) has hired Andrew Ng, a researcher who formerly headed a Google effort (known as Google Brain) to digitally recreate the human brain (with the goal of solving hard A.I. problems), to head its own A.I. efforts.
  • Baidu, never shy to take a page from Google, plans to spend ~$300M over the next 5 years on developing A.I. solutions based on deep learning. The technology's applications include natural-language, voice, and image recognition - all three are relevant to search.
  • Ng will oversee both a Baidu Silicon Valley lab, and a Beijing R&D center. As it is, Baidu's R&D spend rose 57.5% Y/Y in Q1.
From other sites
Comments (2)
  • James Sands
    , contributor
    Comments (2433) | Send Message
    This is why Google or Facebook will not buy Rocket Fuel.......Rocket Fuel has spent about a little over $50 million the past 3 years.
    16 May 2014, 06:11 PM Reply Like
  • Zeus2012
    , contributor
    Comments (711) | Send Message
    Are you still long $CRTO? Looked tempting when it trade down to around $25 after $FUEL earnings miss. Did not pull the trigger as I think 1x EV / Sale may be in the cards during the summer if we get a market selloff.
    16 May 2014, 07:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs