Baidu Chairman Robin Li Accepts 90% Innovation Failure Rate in Digital Person Interview on November 12

According to Guru Club, Baidu chairman Robin Li responded on November 12 to external criticism of the company "missing opportunities" by emphasizing that innovation inherently carries a high failure rate. In an interview with Xigar, a digital person created by Baidu's image generation technology, Li said he accepts that 90% of innovation attempts may fail. He characterized failed initiatives as the necessary cost of innovation rather than strategic missteps. Li cited autonomous vehicle platform Robotaxi as an example, noting decades of investment and globally leading technology despite limited commercial deployment.
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