Boston, MA 05/29/2014 (wallstreetpr) – Baidu Inc (ADR) (NASDAQ:BIDU), China’s leading provider of Internet search engine, is leaving nothing to chance in its efforts to expand revenue and profits. The company has already registered numerous business successes since its founding, and it believes its best moments are still ahead. As such, the company has put its best foot forward to creating meaningful value for the shareholders.
Like most other Internet companies such as Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOG), for instance, Baidu generates majority of its revenue from advertisers. And as always, advertiser put their money where big numbers can be found. As such, the company seeks to not only expand its user-numbers, but also introduce captivating products that would enhance the experience of its users and advertisers.
In the latest move, Baidu Inc (ADR) (NASDAQ:BIDU) has poached a top talent from Google Inc as it seeks to globalize its research and development unit. Mr. Andrew Ng, born 1976, is an authority in the world of artificial intelligence. He holds a doctorate degree from the University of California and was part of the team that developed Google Glass and Google Inc’s driverless car.
At Baidu Inc (ADR) (NASDAQ:BIDU), Mr. Ng has been tasked with the responsibility of Chief Technology Officer (CTO) and will lead the Chinese search engine company’s research institute that consists of three laboratories in Beijing and Silicon Valley.
The three laboratories include an artificial intelligence facility in Silicon Valley, a big-data facility in Beijing and a deep learning laboratory also in Beijing.
Research And Development Investment
The leading tech companies such as Google Inc, Facebook Inc and Microsoft Corporation (NASDAQ:MSFT) owe their success to big investment in research and development and Baidu Inc (ADR) (NASDAQ:BIDU) believes it can replicate this for its own benefit. The company invested $300 million to build the Silicon Valley laboratory and intends to invest more in expanding the facility by 2015.
Poaching Talents
Baidu Inc (ADR) (NASDAQ:BIDU) has made it a habit of acquiring talents from peers and rivals to boost its performance as it seeks to create bigger value for the investors.
