Tag: Baidu

Chinese tech giant Baidu is launching a $145m venture fund to support AI-focused start-ups, along with a developer competition for its language model ERNIE. This follows similar initiatives from Google and OpenAI, as companies race to acquire start-ups in generative AI. Baidu's billionaire founder, Robin Li, co-founded the company in 2000 and is also involved in autonomous vehicle technology.

Baidu launches $140m fund to invest in Chinese start-ups exploring generative AI, partnering with high-profile IDG Capital to assess and select founders' pitches.

Ma Jie, former head of Baidu's Metaverse unit, has joined AI investment firm Sinovation Ventures founded by tech industry veteran Kai-Fu Lee and has founded cognitive AI venture Lingyi Wanwu. Following the surge of generative AI, including OpenAI's ChatGPT, industry experts like Ma have shifted to related projects and applications, setting an example for Project AI 2.0. Sinovation funds early-stage AI companies and will benefit from Ma's extensive experience in the tech industry.

Haomo.ai, Chinese self-driving car startup, presents its delivery robot at $12,767 - the cheapest product in the industry. Dual AI processors from Qualcomm + 7 cameras and 3 lidar units detect obstacles. Yan Bin's leadership and vision drives success in the market.

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