Chinese tech giant Baidu said U.S. restrictions on the export of certain chips would not have a measurable impact on its AI or drone technology business. Writes about it The Register.
During the presentation of the Q3 2022 report, Dou Shen, executive vice president and head of the AI Cloud group, said that Baidu’s AI business is not “too heavily” dependent on high-tech chips.
According to him, the company has the necessary reserves to maintain normal operations. Also, Baidu can find a replacement for sanctioned chips.
“We have the technology to enable these alternatives to achieve much of the same efficiency and effectiveness both in the cloud and in the broader AI business,” Chen said.
He noted that car chips are not on the banned list. Shen also recalled the development of his own Kunlun processor. The semiconductor is already being used to serve some customers, he said.
“We expect more auto parts, including core chips, to be produced in China in the future,” said the vice president.
Shen believes that the development of the local market in semiconductor technology will reduce dependence on imports of chips for the automotive industry.
In addition, the company reported on the growth of the financial performance of the AI Cloud division. Third-quarter revenue increased 24% year-over-year to $630 million.
Total revenue grew 2% year-over-year to $4.5 billion.
Recall that in October, the administration of US President Joe Biden introduced restrictions on the supply of AI chips to China.
In the same month, experts speculated that sanctions could curb the development of self-driving cars in China.
Subscribe to Cryplogger news in Telegram: Cryplogger AI – all the news from the world of AI!
Found a mistake in the text? Select it and press CTRL+ENTER
Chinese tech giant Baidu said U.S. restrictions on the export of certain chips would not have a measurable impact on its AI or drone technology business. Writes about it The Register.
During the presentation of the Q3 2022 report, Dou Shen, executive vice president and head of the AI Cloud group, said that Baidu’s AI business is not “too heavily” dependent on high-tech chips.
According to him, the company has the necessary reserves to maintain normal operations. Also, Baidu can find a replacement for sanctioned chips.
“We have the technology to enable these alternatives to achieve much of the same efficiency and effectiveness both in the cloud and in the broader AI business,” Chen said.
He noted that car chips are not on the banned list. Shen also recalled the development of his own Kunlun processor. The semiconductor is already being used to serve some customers, he said.
“We expect more auto parts, including core chips, to be produced in China in the future,” said the vice president.
Shen believes that the development of the local market in semiconductor technology will reduce dependence on imports of chips for the automotive industry.
In addition, the company reported on the growth of the financial performance of the AI Cloud division. Third-quarter revenue increased 24% year-over-year to $630 million.
Total revenue grew 2% year-over-year to $4.5 billion.
Recall that in October, the administration of US President Joe Biden introduced restrictions on the supply of AI chips to China.
In the same month, experts speculated that sanctions could curb the development of self-driving cars in China.
Subscribe to Cryplogger news in Telegram: Cryplogger AI – all the news from the world of AI!
Found a mistake in the text? Select it and press CTRL+ENTER
