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3. Baidu Inc (NASDAQ:BIDU)

On March 31, Baidu’s Robotaxi ambitions took a hit when it faced a technical glitch during operations. Several of its Apollo Go Robotaxis stopped abruptly, inconveniencing passengers and disrupting their daily schedules. This has also raised concerns around the viability of its autonomous vehicles among travelers and investors alike.

This also comes as a blow to Baidu’s international ambitions, especially in terms of getting safety and regulatory approvals in other jurisdictions. A similar incident was reported last year when Alphabet’s Waymo taxis suffered the same fate, coming to an abrupt halt due to a power outage.

Despite the above development, the company continues with its innovation plans. Earlier this month, it launched the DuClaw service that allows users to access the OpenClaw agent platform. This will allow users to access all of Baidu’s innovative tools without requiring the technical expertise to set them up. In other words, a technical setback like the one mentioned above is unlikely to detract from the company’s bull thesis.

Baidu Inc. (NASDAQ:BIDU) provides internet search, online entertainment, and online marketing services, including search-based marketing, feed-based marketing, and other services. It is headquartered in Beijing, China.