“We imagine the impression is sort of restricted within the close to future,” Dou Shen, government vice chairman and head of Baidu AI Cloud, mentioned of the US chip export controls.
Jade Gao | AFP | Getty Photographs
Chinese language know-how firm Baidu expects the impression of U.S. chip sanctions on its enterprise to be “restricted,” an organization government mentioned Tuesday throughout a question-and-answer session on its third-quarter earnings name.
In October, america imposed export controls that restricted American corporations from promoting semiconductors and chip-making tools to Chinese language chipmakers.
“We predict the impression is sort of restricted within the close to future,” mentioned Dou Shen, government vice chairman and head of AI Cloud Group, in response to an viewers member’s query about how the boundaries will have an effect on Baidu’s potential to develop its computing in synthetic intelligence cloud. arm and self-driving corporations, which depend on superior AI chips.
“A big a part of our AI Cloud enterprise and even broader AI enterprise shouldn’t be overly depending on extremely superior chips,” Shen mentioned.
Baidu additionally runs a robotaxi enterprise, Apollo Go, which has obtained permits in Beijing, Wuhan and Chongqing’s Yongchuan district to run a business driverless robotaxi service in these areas.
“And for the a part of our companies that want superior chips, we have already got sufficient stock to help our enterprise within the brief time period,” he mentioned.
Shen added that Baidu is creating its personal AI chip, known as Kunlun. He mentioned Baidu has already began utilizing the Kunlun chip to help some large-scale synthetic intelligence computing duties internally and to serve exterior prospects.
“As a result of we’ve got a full stack of AI capabilities, from chips to frameworks, base fashions and utility software program, we will obtain a lot greater effectivity whereas optimizing end-to-end AI duties,” Shen mentioned.
He added that automotive chips will not be on the banned listing. “So because of this within the close to future, in-vehicle computing shouldn’t be affected,” he mentioned.
An analyst informed CNBC’s “Squawk Field Asia” on Wednesday that Baidu is “completely” top-of-the-line decisions, citing the chip’s energy as one purpose.
“They’re diversifying into manufacturing at their very own amenities and beginning to use their very own chips, Kunlun, for superior purposes,” mentioned James Lee, Mizuho Securities’ China-US web analyst.
Baidu posted a better-than-expected income acquire yesterday after cost-cutting bolstered its backside line. Internet advertising additionally carried out higher than anticipated regardless of difficult financial situations akin to Covid restrictions and inflation.
Baidu shares rose 2.61% on Wednesday and are down 35.7% yr to this point.