Baidu to Invest $202 Million in an AI Company

Baidu, AI

China’s search engine giant Baidu will invest 1.44 billion yuan ($202 million) in Artificial Intelligence (AI) firm Neusoft Holdings, with a view to collaborating in sectors such as smart cities and healthcare.

Baidu’s Chief Technology Officer (CTO), Wang Haifeng, will serve as a board director for Neusoft, which was founded in 2011 in the northeastern Chinese city of Dalian.

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