Baidu: Cruisin’ In The USA

The Wall Street Journal reported that Baidu (NASDAQ:BIDU) will be testing its driverless cars in the US as part of its effort to introduce a commercially viable model by 2018. Given the well-established infrastructure, a more experienced driver base and proven experiments done by Alphabet (GOOG, GOOGL), the US offers perhaps one of the better settings for BIDU to test and improve its driverless technology. In my view, BIDU’s goal of commercializing a driverless vehicle in the next three years is quite ambitious, but it is necessary for the search giant to diversify its revenue stream beyond online search. Worth noting, although GOOG has been sustaining its search revenue in recent years, the long-term growth outlook for the company is its “Other Bets” (i.e., home automation, payment, broadband, wireless, life…

Link to Full Article: Baidu: Cruisin’ In The USA

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