Baidu, Inc. (NASDAQ:BIDU) has revealed its spending priorities over the next 10 years. The Chinese search engine and AI company says it seeks what it calls “new infrastructure” that will require investments over the next decade in cloud computing, AI education, AI platforms, chipsets, and data centers.
The plan calls for Baidu to have 5 million intelligent cloud servers by 2030 and train 5 million AI professionals within 5 years. The goal is to spread the application of AI across such markets as transportation, city management, finance, energy, health care, and manufacturing.
"New infrastructure--which encompasses emerging technologies like AI, cloud computing, 5G, IoT, and blockchain--will be the driver for China's economic development in the coming decades," said Baidu Chief Technology Officer Haifeng Wang. "As a world-leading AI platform company, Baidu is well positioned to make large contributions to the development of new infrastructure in China, which will support the implementation of AI applications in different industries."
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