BEIJING, March 1, 2021 /PRNewswire/ -- Baidu (NASDAQ:
BIDU) and China Huaneng Group Co., Ltd. recently signed a
memorandum of understanding (MoU) aimed at driving the intelligent
transformation of the energy industry. As a leading AI company with
a strong Internet foundation, Baidu will leverage its capabilities
in AI-powered new infrastructure to help Huaneng closely integrate
the digital economy with the energy and power industry, which will
enhance efficiencies and users' experience.
Under the terms of the MoU, Baidu and Huaneng will pursue a
multi-faceted partnership encompassing information technology,
digital technology, and other related areas. The two companies will
jointly develop a new generation automated and intelligent
financial shared services platform, as well as cooperate to apply
AI and big data technologies to the energy and power field.
Additionally, the partnership will strive to provide society with
energy-related data services that are more digitized, intelligent,
and connected to the Internet, which will drive the intelligent
upgrading of China's energy
industry.
The partnership aligns with Baidu's long-standing investments in
AI technologies, cloud computing, and big data capabilities, which
aim to help various industries—including energy, transportation,
education, and finance—undergo intelligent transformations, which
will culminate in a fully intelligent economy and society.
China's economy is turning to
the direction of high-quality development, and AI is a new kinetic
energy and new engine that will drive this high-quality
development, said Haifeng Wang,
Chief Technology Officer of Baidu. Since the energy industry is
such an important part of the national economy, the degree of its
intelligent construction is directly related to the state of the
economy and the level of intelligent transformation of society.
It is hoped that Huaneng will give fully play to its leading
position in the energy industry and its advantages in a wide range
of industry scenarios, and Baidu will make full use of its
technological advantages in AI, big data, and cloud computing to
strengthen all-round cooperation and support the digital and
intelligent upgrading of the energy industry, Wang said.
Since its establishment, Baidu has always been committed to
environmental protection through technological innovation, as well
as by using efficient and clean energy sources for the company's
operations. For example, the Baidu Yangquan Cloud Computing Center
uses AI to reduce its environmental impact, such as through
intelligent power supply and cooling systems, thus saving more
energy while maintaining high-performance operations.
Baidu AI Cloud also delivers intelligent energy solutions to the
energy industry. At present, it has reached strategic cooperation
agreements with leading energy companies such as State
Grid. Baidu is working with these partners to digitize and
intelligently transform processes like energy production and
electricity dispatching management to provide users with more
efficient, cleaner, and lower-carbon energy services.
In the future, Baidu will support Huaneng as it builds a
financial shared services center by developing a next generation
automated and intelligent financial shared services platform, with
the aim of creating an integrated digital system for finance.
Additionally, Baidu will help develop a platform for independent
and free exchanges of energy data, a professional-level database
for the industry, and a modern energy SaaS (software as a service)
system to better serve society.
Baidu AI Cloud has a unique competitive advantage for its
integration of cloud computing and AI technologies, allowing Baidu
to bring the power of AI to companies from a wide range of
industries. Baidu AI Cloud hopes to join hands with more energy
industry partners to accelerate the construction of smart energy
systems and rapidly deploy new infrastructure to a cleaner and more
intelligent energy future.
About Baidu
Baidu, Inc. is a leading AI company with a strong Internet
foundation. Baidu aims to make the complicated world simpler for
users and enterprises through technology. Baidu's ADSs trade on the
NASDAQ Global Select Market under the symbol "BIDU." Currently, ten
ADSs represent one Class A ordinary share.
Media Contact
Intlcomm@baidu.com
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SOURCE Baidu, Inc.