Chinese internet behemoth Baidu launched its new artificial intelligence platform. The announcement was made at an industry summit held in Beijing on Wednesday. The new platform is available for commercial users including businesses and developers. Baidu is looking to grow its foothold in cloud computing and big data segment.

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The company's new platform called 'Tianzhi' offers its services in three main segments, which are sensing technology, deep learning, and machine learning. Sensing technology will mainly deal with voice and image processing, while deep learning is an advanced version of machine learning.

Zhang Yaqin, president of Baidu, said "Cloud computing was recognized as an infrastructure investment for corporate users several years ago, but the market demand for cloud-driven AI platform has seen rapidly growth since this year."

Baidu is making strong movements in AI segment. Earlier this year, the company introduced Baidu Brain, its AI system featuring image and voice recognition capabilities. The system is also able to build user profiles by carrying out big data analysis.

Baidu is believed to have more than 30,000 enterprise collaboration for the deployment of its cloud services. These companies are spread across various industries ranging from medical care to marketing. Liu Yang, joint general manager of the company's cloud business arm, said that Baidu has more 80 products in the cloud segment.

The Chinese company is also working on autonomous vehicles. It has collaborated with Audi and BMW for developing such technologies. Baidu said that it plans to invest $1.45 billion in cloud computing over the next five years.

TagsBaidu, AI, Tianzhi