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Name | Symbol | Market | Type |
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Baidu Inc | NASDAQ:BIDU | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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1.61 | 1.44% | 113.36 | 113.36 | 113.48 | 113.87 | 111.50 | 112.86 | 3,723,229 | 00:21:41 |
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Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cebeb480-5a43-488b-a5ac-8e42d06c2123 and http://www.globenewswire.com/NewsRoom/AttachmentNg/e6d7a0e7-f506-42cf-b189-1e47c3cb5f5a
Located in Sunnyvale, the 36,000-square-foot building is currently being occupied by a division of Baidu’s Intelligent Driving Group (IDG) which works on the Apollo open autonomous driving platform and a division of the company’s Internet security deparment.
Going forward, the new site, which has capacity for 150 people and features a state of the art vehicle lab, will be used primarily for autonomous driving and Internet security related work. Baidu’s current facility will remain focused on forward-looking research in AI and data centers.
“Opening a second site is a natural progression as our teams grow and our recruiting efforts expand in the US,” said Ya-Qing Zhang, president of Baidu who also oversees the company’s operations in the US. “Silicon Valley is becoming increasingly important in Baidu’s global strategy as a base for attracting world-class talent, conducting leading edge R&D, and partnering with top universities and companies.”
Baidu is one of the first Chinese companies to set up R&D operations in Silicon Valley, and investing in R&D has always been a priority for Baidu, which allocates 15 percent of its revenue to R&D. First opened in 2011, Baidu’s US office has grown from a small team of just a few people to a leading R&D center with 200 employees, developing cutting-edge technologies in areas including speech recognition and autonomous driving.
Media contact
Baidu International Communicationsintlcomm@baidu.com
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