USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Technology

Baidu buys artificial intelligence company

By He Wei in Shanghai | chinadaily.com.cn | Updated: 2017-02-16 15:24

Baidu buys artificial intelligence company

A Baidu robot is displayed at TV program event in Nanjing, Jiangsu province. [Photo provided to China Daily]

China's top search engine Baidu Inc has announced plans to acquire a local startup featuring artificial intelligence.

It is the first buyout since AI expert Lu Qi took over the post of new president and chief operating officer in January.

No financial terms were disclosed on the acquisition of Raven Tech, a Beijing-based company that works on AI, big data and next generation operating systems.

Under the deal, announced on Thursday, Raven's founder Lyu Cheng will join Baidu to oversee the smart home hardware operations, and will report directly to Lu, who pins much hope on AI to fuel Baidu's future growth.

Raven has developed an AI-based voice assistant that it launched in an app called Flow. It also has a music search and player app Music Flow, and a smart home controlling system Raven H-1. The company has received about $18 million in venture capital funding.

Baidu has invested heavily in AI and natural language processing, notably through its Silicon Valley lab headed by chief scientist Andrew Ng.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US