Chinas Baidu launches second chip and a robocar as it sets up future in AI and autonomous driving

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GUANGZHOU, China — Chinese internet giant Baidu unveiled its second-generation artificial intelligence chip, its first "robocar" and a rebranded driverless taxi app, underscoring how these new areas of technology are key to the companys future growth. Robin Li, CEO of Baidu, has tried to convince investors the companys future lies in AI and related areas such as autonomous driving. On Wednesday, at its annual Baidu World conference, the company launched Kunlun 2, its second-generation AI chip. The semiconductor is designed to help devices process huge amounts of data and boost computing power. Earlier this year, Baidu raised money for its chip unit valuing it at $2 billion.

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