The company will allocate them to a hundred projects, over the next three years. Baidu has also introduced its Apollo 1.5 platform.

Chinese company Baidu is stepping up its efforts in the field of autonomous driving with the announcement of a new $ 1.5 billion fund , which it will call the Apollo fund , which will be used to financially support projects related to autoconduction.

Specifically, the company plans to invest in a hundred proposals, in an effort they will make over the next three years.

Baidu’s bid for autonomous driving dates back to the end of 2015, when they announced that they had successfully completed the first tests on vehicles with this type of software. His initial idea was to launch a commercial car with this technology in 2018.

A few months ago, in April, the company reinforced its presence in the sector with the Apollo project , a platform in which it opens its autoconduction technology to its partners in this sector and in the automotive sector. This project now registers an update, as revealed by the Chinese firm in the same event in which the fund has announced.

This is Apollo 1.5, the latest version of Baidu’s open source auto-ducting platform . This platform opens up five additional core capabilities to those that were already available. These are obstacle perception, planning, cloud simulation, high-definition maps and deep end-to-end learning.

Since announcing the first version of the platform, Apollo has added dozens of updates and additions to the code. More than 1,300 companies have already downloaded source code from the platform.

Baidu has succeeded in bringing together 70 relevant partners in its project to date, including suppliers, original parts manufacturers, developers and startups. The Chinese company has signed about 50 cooperation agreements with several of the program partners.