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Fortune
Fortune
Paolo Confino

Building AI models is an "enormous waste of social resources," says Baidu CEO one month after his company released its latest AI model

Baidu CEO Robin Li (Credit: Nelson Ching—Bloomberg/Getty Images)

The tech industry is too focused on foundational AI models instead of the potentially booming business of developing artificial intelligence based apps. 

Baidu CEO Robin Li believes major tech players, working toward building the underlying models powering the current rise of AI should direct their efforts elsewhere. Namely, they should focus on developing AI-powered applications built on top of the models. 

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