China’s search engine giant and artificial intelligence (AI) company Baidu (NASDAQ:BIDU) feels that the recently announced U.S. export controls on advanced chips will have “quite limited” impact in the near future. During the Q3 conference call, Dou Shen, head of Baidu’s AI cloud group, stated that a major portion of the company’s AI and cloud computing business is not significantly dependent on the highly advanced chips. Shen added that for businesses that need advanced chips, the company has already stocked enough to cater to near-term requirements.
https://www.tipranks.com/news/baidu-nasdaqbidu-downplays-the-impact-of-americas-chip-export-curbs?utm_source=advfn.com&utm_medium=referral