Baidu soars over 7% after announcing AI vehicle development

Tuesday, 09. February 2021 17:42

The stocks of Chinese internet company Baidu jumped over 7% on Tuesday after it was announced that the company decided to deploy a multi-modal autonomous driving MaaS (mobility as a service) platform that will provide AI-driven city transportation services in Guangzhou.

Baidu partnered with the Guangzhou Huangpu District government in order to roll out the "world's first multi-modal autonomous driving MaaS platform."

Baidu shares soared by 7.05% to $296.02 at 5:38 pm CET.

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