Baidu: Profits Likely To Surge As Robotaxi Breaks Even
BIDU(BIDU) Seeking Alpha·2024-08-16 11:50
Baidu (NASDAQ:BIDU) is the dominant search engine in China. The search is not, however, where the future of the business is. Baidu is also the Chinese leader in autonomous driving technology, a market with tremendous growth potential. The company has invested billions of dollars over the years to develop autonomous driving and is now starting to monetise the technology with the expansion of its robotaxi service called Apollo Go. As increasing revenues start covering some of the development expenses, losses ...