The Yabuli China Entrepreneur Forum's summer summit for 2017 took place from August 18th to August 20th in Yinchuan, Ningxia. During the event, a conversation between Li Yanhong, the founder, chairman, and CEO of Baidu, and Qin Hao delved into the essence of the Chinese business spirit.
Accompanying this engaging dialogue was a compelling image captured during their interaction, which can be viewed [here](http://i.bosscdn.com/blog/fa/47/97/f14124fc3418905bda8f655c08.jpg).
Li Yanhong emphasized that the influence of artificial intelligence will surpass that of the internet. He mentioned that during its inception, AI lacked practical applications, yet this allowed him to foresee the arrival of the AI era early on. In 2013, Baidu founded its Deep Learning Institute and began significant investments in AI technologies.
He acknowledged that success isn't just about vision; it also depends on management, corporate culture, and identifying and addressing internal weaknesses. His aim is to ensure that Baidu thrives in the AI era by fostering these elements.
Moreover, Li noted that while the internet serves as a facilitator, AI represents the core advancement. The societal impact of AI is profound, influencing both businesses (B-side) and consumers (C-side). On the B-side, collaborations like those with Shougang involve AI-powered quality assessments of steel products. Similarly, partnerships with entities like the Taiyuan Railway Bureau enhance logistics through AI solutions. Even sectors like coal mining, despite having advanced hardware, can benefit immensely from AI-driven data analytics.
Turning to the C-side, Li observed that tasks requiring adherence to established patterns, where machines can operate tirelessly, are prime candidates for AI implementation. Post-AI transformation, the capital markets have validated Baidu's strategic shift. Li explained that though stock market fluctuations remain unpredictable, Baidu has been clearly repositioning itself over the past year, focusing on AI and transitioning from the mobile internet era to the AI epoch. He noted that during the mobile internet period, Baidu’s technological strengths didn't yield a competitive edge. However, in the AI age, these strengths have become pivotal, increasing Baidu's likelihood of success.
Addressing the prevalent debates surrounding AI, Li dismissed the notions of a bubble or existential threat. Regarding the bubble theory, he argued that any perceived inflation stems from speculative financial activities rather than the technology itself. As for the threat theory, he reiterated that AI merely mimics human thought processes—not exactly imitating them—and thus cannot reach or surpass human cognitive levels.
When questioned about the perceived gap between BAT (Baidu, Alibaba, Tencent), Li expressed indifference, emphasizing his focus on personal interests and aptitudes. Reflecting on his career trajectory over the last two decades, he recounted how envy of others’ opportunities once motivated him but later led him to recognize the importance of pursuing his passion—AI. This self-awareness freed him from unnecessary comparisons, allowing him to concentrate solely on excelling in his domain.
Qin Hao aptly remarked that Li Yanhong’s dedication to AI spans nearly two decades.
This discussion not only shed light on Baidu’s future direction but also underscored the transformative potential of AI across industries.
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