Taking advantage of the Chinese government’s plan to foster domestic leaders into international artificial intelligence, DeepBlue Technology has managed to make its way out of obscurity and shine in the global marketplace.
DeepBlue, an artificial intelligence (AI) technology firm, was founded in 2014 and since then it has moved from making smart-retail technologies to making commercially viable self-driving ones. It has been able to sell its multi-function autonomous busses, based on AI technology, to governments worldwide and especially in China.
The Smart Panda Bus, that has been launched across 10 cities in China, is set to make its way globally. The relatively new company has already secured agreements, worth millions of dollars, with Greece and Thailand.
Currently, these smart buses operate in the smart city trial zones in China thereby illustrating the country’s efforts to efficiently develop urban areas. Developments include automated systems that overlook traffic control, surveillance and waste management. It is expected that by 2020, public and private investments of over 500 billion renminbi will be made in projects related to smart city.
The Chinese government has gradually loosened its restrictions pertaining to licensing of manufacturers in an attempt to boost production. This has not been done at the cost of undermining safety concerns, for which authorizes continue to stress that any accident that happens will be attributed to auto makers.
The founder and chief executive of DeepBlue, Chen Haibo, commented that it was artificial intelligence (AI) that boosted their business instead of government’s financial funding. He said that promoting AI will catalyze the rate of development more than simply giving money to companies working with AI.
Haibo added that the smart panda bus functions in closed-loop environments. This will eventually cause it to yield huge profits out of self-driving technology for the first time. Previously, similar technologies failed to show such results due to expensive road tests that outweighed the benefits for the consumers, hence producing minimal profits.
It is not the first time that China has introduced self-driving buses. Yutong and King Long, two of China’s largest bus companies, have already produced buses with AI technology.
DeepBlue, however, aims to pitch its full sized self-driving buses to the government buyers as a solution to the traffic congestions and commute problems faced by the overgrowing population worldwide. These smart panda buses are laden with a variety of gadgets that are powered by AI and are set to facilitate commute and revolutionize the experience of passengers.
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