TomTom, Baidu to collaborate on maps for computer-assisted driving
No terms were disclosed and TomTom said the deal would not add to earnings in the current financial year
FILE PHOTO - A employee uses his mobile phone as he walks past the company logo of Baidu at its headquarters in Beijing, August 5, 2010. PHOTO: REUTERS
TomTom NV, the Dutch maker of navigation software for cars, on Wednesday said it had struck a deal with Chinese internet company Baidu to collaborate on digital maps used for computer-assisted driving.
No terms were disclosed and TomTom said the deal would not add to earnings in the current financial year.
Baidu to launch self-driving car technology in July
China has historically been a weak spot in TomTom's global map coverage for regulatory reasons. CEO Harold Goddijn said in a statement that Baidu would adopt TomTom's mapmaking platform, while Baidu has technologies of its own in autonomous driving and artificial intelligence.
No terms were disclosed and TomTom said the deal would not add to earnings in the current financial year.
Baidu to launch self-driving car technology in July
China has historically been a weak spot in TomTom's global map coverage for regulatory reasons. CEO Harold Goddijn said in a statement that Baidu would adopt TomTom's mapmaking platform, while Baidu has technologies of its own in autonomous driving and artificial intelligence.