Baidu to invest $202 million in Chinese AI company Neusoft


FILE PHOTO: A Baidu sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo

BEIJING (Reuters) – China’s search engine giant Baidu said on Tuesday it will invest 1.44 billion yuan ($202 million) in artificial intelligence firm Neusoft Holdings, with a view to collaborate in sectors such as smart cities and healthcare.

Baidu’s chief technology officer, Wang Haifeng, will serve as a board director for Neusoft, which was founded in 2011 in the northeastern Chinese city of Dalian, Baidu said.


Reporting by Yingzhi Yang and Brenda Goh; Editing by Himani Sarkar


Articles You May Like

Scorsese says he wanted to ‘enrich’ past De Niro work with ‘The Irishman’
Daimler recalls hundreds of thousands of Mercedes-Benz diesel vehicles
Trump defends his Syria pullout against Republican criticism
Turkey pushes offensive in Syria, despite sanctions and calls to stop
Explainer: Barr investigates the investigators of Russian meddling

Leave a Reply

Your email address will not be published. Required fields are marked *