Baidu’s top AI exec is stepping down

Baidu’s stocks took a hit earlier today after the company announced that its Qi Lu is stepping down from his job as president/COO after just a year and a half. In a press release tied to the news, the executive cited personal reasons for his decision to “transition” to a lesser role.“Baidu is a great company with strong talent and deep technologies,” Lu said in the statement. “I am highly optimistic on Baidu’s future and will continue to support Baidu, w