Baidu Launches $200M Venture Unit To Back Artificial Intelligence Projects

baidu33Baidu Inc. has established an early stage investment unit named Baidu Venture to back artificial intelligence, virtual reality and augmented reality projects. The fund will initially seek to raise US$200 million in capital for the effort. Robin Li, chairman and CEO of Baidu, will lead the venture unit as chairman and participate in project evaluation […]

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Read the original article: China Money Network