The company cut costs by 5% to conserve but maintained R&D expenses to accelerate its EV self-driving business, Apollo Go. However, analysts predicted a slowdown, and Baidu delivered better-than-expected results. Source: Baidu Baidu’s Q2 2022 earnings highlights: Apollo Go takes flightĪlthough several Chinese companies have fallen victim to halting growth caused by lockdowns and a tech crackdown last year, Baidu, for the most part, has overcome these challenges.īaidu’s total revenue did fall by 5% from 2021 to 29.6 billion yuan ($4.43 billion), its first slowdown in two years. That being said, Baidu’s Q2 earnings show the tech giant is pushing ahead to achieve its target as Apollo Go takes off. JIDU has ambitious plans to deliver 800,000 self-driving EVs each year by 2028. The tech giant is partnered with several major automakers to advance the project, including Ford, Toyota, and Geely. State-of-the-art Nvidia Drive Orin computer chips power JIDU’s ROBO-01 (also powering EV smart cars from automakers like Nio and Li Auto).Įarlier this summer in June, Baidu revealed its plans for the future with its 6th-generation AV, the Apollo RT6. Since its foundation, JIDU has unveiled several EV concepts, starting with the ROBO-01. With Geely’s automotive expertise and Baidu’s advanced software, JIDU, the self-driving EV startup, was born in March 2021. Like Google in the US, Baidu dominates the search market in China with a market share of three-fourths ( 75.5%).Īlthough Baidu’s cloud business stole the show in the second quarter, growing 31% YOY, the company is doubling down on its autonomous driving program.īaidu partnered with Chinese automaker Geely in 2021 to collaborate on an intelligent EV company. Baidu’s Apollo Go, its robotaxi business, unveiled its next-gen autonomous EV, the Apollo RT6, as the service surpasses 1 million rides. For more information, visit /Products/Apollo and follow Promise Technology on LinkedIn, Facebook, or Twitter.Chinese tech giant Baidu (BIDU) beat Wall Street’s Q2 earnings estimates on Tuesday despite several headwinds in China’s economy. In North America, Apollo Cloud is also available through B&H Photo & Electronics. With an MSRP of US$199 (may vary by region), Apollo Cloud can be purchased at Apple stores worldwide and online, on, and through Promise’s channel partners. Touch Bar-enabled for the new MacBook Pro.No recurring fees – once you purchase Apollo Cloud you own it outright, with no monthly fees.The easy-to-use, intuitive Apollo Cloud app requires no IT expertise whatsoever.Member quota management allows the assignment of different amounts of storage space to each member as needed.Unlike other solutions, Apollo Cloud is designed for easy storing and sharing within your family or group, while offering full privacy for each member.A safer way to share and save - personal cloud storage for you AND your private circle.Additionally, the newly-added ‘Apollo Anywhere’ feature includes SAMBA protocol over the internet - meaning that users are no longer limited to accessing local network folders. The new Apollo Cloud is enhanced with even more capabilities, including Apollo Cloud Mirroring for additional protection a QuickView option that contributes to speed and uses less data by delivering either full-size or scaled down content depending on screen size or network speed and an upgraded video/music player. Recently added features - including scheduled daily backup, direct USB upload/download, remote access, member quota management and advanced encryption - give Apollo Cloud users the ability to make their personal cloud uniquely their own. With Apollo Cloud, friends and family don’t have to be shy about being social – they’re free to comment on and discuss shared content (videos, photos, etc.) within an entirely private environment.Ĭontinuing the Promise Technology tradition of being in lockstep with the latest from Apple, Apollo Cloud is the first storage appliance to offer optimised hardware encryption and SMB support for Apple’s latest MacOS Sierra and supports Time Machine backup for Mac. Safety is having your private data off the web, secure on a personal cloud appliance that you own outright, with every transaction encrypted (using government-level AES-256 encryption) to safeguard your privacy. Easy enough for anyone to use - setup is a simple process that takes mere minutes - Apollo Cloud can be accessed by up to 10 users, each with full sharing and privacy control over their own digital files. Apollo Cloud offers an affordable, simple way for families, small businesses and workgroups to safely store and share data from anywhere - from any device (OS X and Windows on computers and iOS or Android on smartphones and tablets).
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