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Baidu Inc (NASDAQ:BIDU) and Xiaomi Partners For AI And IoT Development

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Baidu Inc (NASDAQ:BIDU) announced recently that it has entered into partnership with Xiaomi to expand technologies on the artificial intelligence (AI) and Internet of Things (IoT). The association is expected to utilize the internet leading conversational AI system, Baidu’s DuerOS, which was launched in July to support the growth of the IoT industry. Xiaomi, will employ the AI technologies in real-life situations to give the users enhanced experiences.

The expansion will give the customers a great experience in the use of electronics especially the smart devices. In addition, the agreement will develop the China’s smart production capabilities in AI, IoT, and huge data. Although there is not much information about the merger, the two firms have disclosed that they will collaborate on various aspects to further develop the IoT industry.

The DuerOS platform will enable the developers to create voice-enabled devices that can easily hear, comprehend and follow specified commands given by the user. Other services will include; computer vision, knowledge graph, augmented reality, deep learning, and virtual reality. Since it was introduced, the platform has added over 130 partners and it has been embedded in numerous products such as the latest smartphones, TVs, speakers, various home appliances, smart watches and much more.

During the announcement, the two companies promised to explore the cooperation opportunities in a wide range of areas such as the deep learning, voice recognition, conversational AI and more. Qi Lu, Baidu’s group president, and COO stated that Xiaomi has the solid experience required in smart hardware, big data and a well-established smart device ecosystem.

Additionally, Baidu possesses strong technological essentials in AI and the powerful DuerOS which uses world-class AI technologies is expected to support the necessary development of the entire IoT industry across the region.

According to McKinsey Global Institute, the possible economic impact of IoT which include the consumer surplus could reach between $3.9 and 11.1 trillion by 2025. Furthermore, Accenture estimated that the IoT industry could further add about $14.2 trillion to the worldwide economy by 2030.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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