By | July 4, 2018

The Technology based company Baidu Inc. (NASDAQ:BIDU) closed with change of 0.07% to $246.43 with the total traded volume of 2298829 shares versus to an average volume of 3.71M. The stock was down in the 5 days activity -1.73%. The one month performance of stock was -5.55%. BIDU shares are at 9.87% for the quarter and driving a 36.93% return over the course of the past year and is now at 5.22% since this point in 2018.

Right now BIDU beta is 1.84. The average volatility for the week and month was at 3.21% 2.52% respectively. There are 348.73M shares outstanding and 252.85M shares are floated in market.

Baidu Inc. (NASDAQ:BIDU) recently reported Kunlun, China’s first cloud-to-edge AI chip, built to accommodate high performance requirements of a wide variety of AI scenarios. The announcement includes training chip “818-300”and inference chip “818-100”. Kunlun can be applied to both cloud and edge scenarios, such as data centers, public clouds and autonomous vehicles.

Kunlun is a high-performance and cost-effective solution for the high processing demands of AI. It leverages Baidu’s AI ecosystem, which includes AI scenarios like search ranking and deep learning frameworks like PaddlePaddle. Baidu’s years of experience in optimizing the performance of these AI services and frameworks afforded the company the expertise required to build a world class AI chip.

In addition to supporting the common open source deep learning algorithms, Kunlun chip can also support a wide variety of AI applications, including voice recognition, search ranking, natural language processing, autonomous driving and large-scale recommendations.

Baidu plans to continue to iterate upon this chip, developing it progressively to enable the expansion of an open AI ecosystem. As part of this, Baidu will continue to create “chip power” to meet the needs of various fields including intelligent vehicles, intelligent devices, voice recognition and image recognition.

Shares of Baidu, Inc. have been recently spotted trading -13.30% off of the 52-week high price. On the other end, company shares have been noted 37.19% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 179.63 – 284.22. Switching over to some distances from popular moving averages, we see that the stock has been recorded -3.39% away from the 50 day moving average and 0.08% away from the 200 day moving average. Moving closer, we can see that shares have been trading -5.10% off of the 20-day moving average. 39343 employees work in the Company. It has market cap of $85.94B.

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Gordon Sheetz

About Gordon Sheetz

Gordon Sheetz is a graduate of University of Sydney and has two years’ experience of Wall Street Investor. Gordon covers Business category. He has an experience in Journalism and Content Writing, love writing stories full of efficient language and accurate content. His articles are published on Seeking Alpha, The Street, and The Motley Fool. Gordon has over 4 year experience as a news writer. Previously, he worked as a Freelance news writer. Email Contact:

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