27 Sep '17, 3am

Baidu launches RM6.2bil fund for autonomous driving

Tech companies like Apple and Google have been working on autonomous vehicles for some time, and Chinese firms are intent on catching up. Search engine Baidu has launched a 9.8 billion yuan (RM6.2 billion) Apollo Fund to be funnelled towards self-driving technology, with the aim of investing in 100 such projects over the next three years, according to Automotive News . The fund was announced alongside the company’s latest open-source autonomous vehicle software, Apollo 1.5. Baidu has been developing the system internally for years, but opened up the tech to third parties in April in order to spur development and help it compete with Google’s Waymo initiative . The latest update allows partners to access to new obstacle detection technology and high-definition maps, among other features. Named after the NASA’s moon programme, the Apollo project is intended to put completely...

Full article: https://paultan.org/2017/09/27/baidu-launches-rm6-2bil-fu...

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