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Chinese search engine Baidu Inc announced a 10 billion yuan (US$1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.

The "Apollo Fund" will invest in 100 autonomous driving projects over the next three years Ben Roethlisberger Hat , Baidu said in a statement.

The fund's launch coincides with the release of Apollo 1.5, the second generation of the company's open-source autonomous vehicle software.

After years of internal development, Baidu in April decided to open its autonomous driving technology to third parties, a move it hopes will accelerate development and help it compete with U.S. firms Tesla Inc and Google project Waymo.

In the latest update to its platform James Conner Hat , Baidu says partners can access new obstacle perception technology and high-definition maps, among other features.

It comes amid a wider reshuffle of Baidu's corporate strategy as it looks for new profit streams outside its core search business, which lost a large chunk of ad revenue in 2016 following strict new government regulations on medical advertising.

Baidu's Apollo project - named after the NASA moon landing - aims to create technology for completely autonomous cars, which it says will be ready for city roads in China by 2020.

It now has 70 partners across several fields in the auto industry JuJu Smith-Schuster Hat , up from 50 in July, it says. Existing partners include microprocessors firm Nvidia Corp and mapping service TomTom NV.

BEIJING， Feb. 23 (Xinhua) -- Yao Ming， the newly-elected Chinese Basketball Association (CBA) president， said here Thursday that he would sell his shares in the CBA side Shanghai Sharks before next season.

The Chinese basketball legend， who played for the Shanghai Sharks before he went to NBA in 2002， bought the team in 2009. Since then， Yao has been the controling share holder of the Shanghai Sharks which finished third in the regular season this year.

CAPE TOWN, June 20 (Xinhua) -- South Africa's Parliament said on Tuesday it wants clarification regarding the naturalization process of the controversial Indian Gupta family.

Parliament has resolved to invite Finance Minister Malusi Gigaba, who was former Minister of Home Affairs T. J. Watt Hat , and Director-General of the Department of Home Affairs (DHA), Mkuseli Apleni to give facts on the naturalization process of the Gupta family, spokesperson Malatswa Molepo said.

Parliament's Portfolio Committee on Home Affairs had already initiated a process to engage the DHA on the matter because it considered the matter to be in the public interest, Molepo said.

The resolution also responds to the call to expedite the probe into the issue Le'Veon Bell Hat , he added.

Gigaba, who became Finance Minister in April this year, granted naturalization to the Guptas when he was Minister of Home Affairs.

The Gupta family's naturalization, which was revealed recently by social media Antonio Brown Hat , has sparked a public outcry.

The Guptas, who allegedly keep close ties with President Jacob Zuma and his family, have been under fire for exerting undue influence on Zuma in the appointment of cabinet ministers and the awarding to lucrative contracts with state-owned companies, known as "state capture."

Both Zuma and the Guptas have denied the accusation.

Parliament had arranged a meeting with Gigaba and Apleni on Tuesday Zach Gentry Hat , but both failed to turn up due to their busy schedules.

The meeting has to be re-scheduled for June 26 this year.

Regarding the invitation to Gigaba, Parliament will seek legal advice in order to ensure that any interrogation of the issue is done as per the prescripts of National Assembly rules and within the parameters of the law, Molepo said.

The legal advice is sought primarily because Rule 89 of the recently adopted ninth edition of the Rules of the National Assembly prevents members from "reflecting upon the merits of any matter on which a judicial decision in a court of law is pending", said Molepo.

Parliament's Portfolio Committee on Home Affairs Benny Snell Jr. Hat , which has oversight over the DHA, is committed to urgently dealing with the matter, he said.

Gigaba has defended the granting of naturalization to the Gupta family, saying he handled the Guptas' naturalization application "in a lawful manner."

The granting of naturalization certificates of this nature is not unusual as similar courtesies have been extended to prominent businessmen Justin Layne Hat , including executives of multi-nationals, and sports people, Gigaba said.

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