- 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.
China Stock Roundup: Baidu Partners Intel to Enhance Video Platform, China Mobile Garners 90M 4G Subscribers - Analyst Blog
at Zacks.com (Jan 22, 2015)