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Baidu says it can now operate robotaxis in Beijing with no human staff inside - TL;DR CNBC

Baidu says it can now operate robotaxis in Beijing with no human staff inside

Publishing timestamp: 2023-03-17 02:46:03


Summary

Baidu announced that it can now operate robotaxis in part of Beijing with no human staff or driver inside, eliminating labor costs for operating self-driving taxis. The government approval initially covers 10 vehicles in a Beijing suburb, and since the third quarter, Baidu's self-driving taxis have completed an average of more than 15 rides per vehicle per day in major Chinese cities. Baidu shares briefly soared by more than 15% during Hong Kong trading on Friday.


Sentiment: NEUTRAL

Tickers: GOOGL,  BIDU,  GM, 

Keywords: baidu inc,  markets,  breaking news: asia,  market insider,  stock markets,  technology,  general motors co,  business news,  alphabet inc, 

Source: https://www.cnbc.com/2023/03/17/baidu-says-it-can-now-operate-robotaxis-in-beijing-with-no-human-staff-inside.html


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