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Baidu's CEO wants China's help for a local SpaceX

Baidu is also driving research into artificial intelligence

Image via Tech in Asia
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Image via Tech in Asia

Bloomberg
China needs to put new regulations and financial subsidies in place to quicken the development of autonomous cars or risk getting left behind, the billionaire co-founder of the nation’s largest search engine said.

Baidu Chief Executive Officer Robin Li, whose company is competing with Uber Technologies and Alphabet’s Waymo to commercialise self-driving technology, wants Beijing to take the lead in getting Chinese enterprises to collaborate on research and craft a regulatory framework. His proposal was included among a raft of others he will put forth at an annual meeting of regulators this week, in a wish-list that includes a dream of