Baidu’s Billionaire CEO Envisions a Spinoff of Robot Cars Arm

Baidu Inc.’s billionaire founder has shed more light on the Chinese search giant’s plans to sell robot cars around the world, revealing his intention to spin off its driver-less car division once it reaches maturity to attract funding and partners. Baidu is among Chinese corporations that’ve joined a race with Alphabet Inc. and Uber Technologies Inc. to develop autonomous driving, aiming for mass car production by 2021.