Baidu $BIDU Stock Gap Up On First Superconducting Quantum Computer

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Baidu $BIDU stock did a gap up open on August 25, 2022, after the company announced its first superconducting quantum computer.

Baidu Releases Superconducting Quantum Computer and World’s First All-Platform Integration Solution, Making Quantum

On August 25, 2022, Baidu announced its first superconducting quantum computer that fully integrates hardware, software, and applications. On top of this, Baidu also introduced the world’s first all-platform quantum hardware-software integration solution that provides access to various quantum chips via mobile app, PC, and cloud. Launched at Quantum Create 2022, a quantum developer conference held in Beijing, this new offering paves the way for the long-awaited industrialization of quantum computing.

A revolutionary technology that harnesses the laws of quantum mechanics to solve problems beyond the reach of classical computers, quantum computing is expected to bring ground-breaking transformations in fields like artificial intelligence (AI), computational biology, material simulation, and financial technology. However, a significant gap remains between quantum devices and services.

Located Baidu S Quantum Computing Hardware Lab Qian Shi Baidu S Industry Level
Located at Baidu’s Quantum Computing Hardware Lab in Beijing, “Qian Shi” is Baidu’s first industry-level superconducting quantum computer.

“Qian Shi,” Baidu’s industry-level superconducting quantum computer, incorporates its hardware platform with Baidu’s home-grown software stack. On top of this infrastructure are numerous practical quantum applications, such as quantum algorithms used to design new materials for novel lithium batteries or simulate protein folding.

As quantum computing continues to experience remarkable progress, many enterprises are exploring how quantum computing will contribute to their real-world businesses. This has led to the development of “Liang Xi,” the world’s first all-platform quantum hardware-software integration solution that offers versatile quantum services through private deployment, cloud services, and hardware access. Liang Xi can plug into Qian Shi and other third-party quantum computers, including a 10-qubit superconducting quantum device and a trapped ion quantum device developed by the Chinese Academy of Sciences. Users can conveniently visit these quantum computational resources via mobile app, PC, and cloud.

“With Qian Shi and Liang Xi, users can create quantum algorithms and use quantum computing power without developing their own quantum hardware, control systems, or programming languages,” said Dr. Runyao Duan, Director of the Institute for Quantum Computing at Baidu Research. “Baidu’s innovations make it possible to access quantum computing anytime and anywhere, even via smartphone. Baidu’s platform is also instantly compatible with a wide range of quantum chips, meaning ‘plug-and-play’ access is now a reality.”

Baidu Research’s Institute backs these latest innovations for Quantum Computing, whose technological footprint covers a wide range of areas, including quantum algorithms and applications, communications and networks, encryption and security, error correction, architecture, measurement and control, and chip design. Across more than four years of research and development, Baidu has submitted over 200 core technology patent applications in the quantum technology field.

Baidu Granted China’s First-Ever Permits for Commercial Fully Driverless Ride-Hailing Services

On August 8, 2022, Baidu announced that the company had secured the first permits in China to offer commercial, fully driverless robotaxi services to the public on open roads. Apollo Go, Baidu’s autonomous ride-hailing service, is now authorized to collect fares for robotaxi rides – completely without human drivers in the car – in Chongqing and Wuhan, two of China’s largest megacities. Amid increasing regulatory approval of the expansion of autonomous vehicles (AVs), the permits reflect regulatory authorities’ strong recognition and trust in the strength of Baidu’s autonomous driving technology. They also mark a crucial turning point for the future of mobility in China, leading to an eventual expansion of driverless ride-hailing services to paying users across the country.

Baidu’s fully driverless robotaxi provides service to the public on open roads.

“This is a tremendous qualitative change,” said Wei Dong, Vice President and Chief Safety Operation Officer of Baidu’s Intelligent Driving Group. “Fully driverless cars providing rides on open roads to paying customers means we have finally come to the moment that the industry has been longing for. We believe these permits are a key milestone on the path to the inflection point when the industry can finally roll out fully autonomous driving services at scale.”

Government agencies in Wuhan and Chongqing’s Yongchuan District granted the permits to Baidu. Both cities have been pioneering new approaches to intelligent transportation, from developing infrastructure to updating new regulations for AVs. Having received the permits, Baidu will begin to provide fully driverless robotaxi services in the designated areas in Wuhan from 9 am to 5 pm and Chongqing from 9:30 am to 4:30 pm, with five Apollo 5th gen robotaxis operating in each city. The service areas cover 13 square kilometers in the Wuhan Economic & Technological Development Zone and 30 square kilometers in Chongqing’s Yongchuan District.

Baidu is authorized to collect fares for robotaxi rides – completely without human drivers in the car.

To receive the permits, Baidu’s robotaxis have undergone multiple testing and licensing steps, from testing with a safety operator in the driving seat to testing with a safety operator in the passenger seat, before finally receiving authorization to operate with no human driver or operator in the vehicle.

As the only company granted such permits from two Chinese megacities, Baidu’s robotaxis come with multi-layer mechanisms to ensure ultimate safety, including the autonomous driving system, monitoring redundancy, remote driving capability, and a robust safety operation system, all of which are backed by a massive trove of real-world data including a total test mileage of over 32 million kilometers (~20 million miles) driven by Baidu’s AVs to date.

By March 2022, Baidu has ranked No.1 in the accumulative number of autonomous driving patent applications in China, totaling 4,000; among them, the number of global patent families for high-level autonomous driving has exceeded 1,500, ranking first worldwide. Having already expanded to all first-tier cities in China, covering Beijing, Shanghai, Guangzhou, and Shenzhen, Apollo Go has now surfaced to become the world’s largest robotaxi service provider, recently reaching the milestone of more than one million orders.

📺 What Is It Like To Ride in Fully Driverless Apollo Go Robotaxi?

📈 Baidu $BIDU Chart Technical Analysis

Baidu $BIDU stock is in an Ascending Triangle pattern. The stock is in a weak technical uptrend.

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