javascript hit counter
Business, Financial News, U.S and International Breaking News

China’s Baidu says it expects ‘restricted’ impression from U.S. chip curbs

“We expect the impression is sort of restricted within the close to future,” Dou Shen, govt vp and head of Baidu AI Cloud, mentioned of the U.S. chip export controls.

Jade Gao | Afp | Getty Photos

Chinese language tech firm Baidu expects that impression from U.S. chip sanctions on its companies shall be “restricted,” an organization govt mentioned on Tuesday throughout a Q&A session of its third quarter earnings name.

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

“We expect the impression is sort of restricted within the close to future,” mentioned Dou Shen, govt vp 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 potential to develop its synthetic intelligence cloud computing arm and autonomous driving companies, which rely upon superior AI chips.

“A big portion of our AI Cloud enterprise and even wider AI enterprise doesn’t rely an excessive amount of on the extremely superior chips,” mentioned 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 a part of our companies that want superior chips, we’ve already stocked sufficient in hand to help our enterprise within the close to time period,” he mentioned.

Learn extra about tech and crypto from CNBC Professional

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

“As a result of we’ve full stack of AI capabilities from chips to frameworks to basis fashions and to software software program, we are able to obtain a lot larger effectivity as we optimize the AI duties from finish to finish,” Shen mentioned.

He added that automotive chips should not on the prohibited checklist. “So, which means that within the close to future, in-vehicle computing will not be affected,” he mentioned.

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

James Lee on Baidu's chip resiliency

“They’re diversifying the manufacturing into their very own facility and beginning to use their very own chips, Kunlun, for superior purposes,” mentioned James Lee, a U.S. and China web analyst from Mizuho Securities.

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

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

This text was initially printed by Learn the unique article right here.

Comments are closed.