Baidu CEO Li Bets on AI, Autonomous Driving

Mar.23 -- China tech giant Baidu Inc. has more than tripled its valuation from the trough last March as a sign that its bets in artificial intelligence finally start to pay off. While investors had called into question Baidu's research and development spending, co-founder Robin Li has kept faith in his original vision and is pledging to keep up the pace of investment for the next decade or two. In the second part of a wide-ranging exclusive interview with Bloomberg's Tom Mackenzie, Li sketches out how Baidu is transforming into an AI company and why he supports the government's antitrust push.