Baidu A.I. chip unit valued at $2 billion after funding and may become standalone business

cnbc2021-03-16

KEY POINTS Baidu has raised money for its artificial intelligence (AI) semiconductor business at a valuation of $2 billion. The funding round was led by CPE, a Chinese asset management and private ...

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精彩评论

Huazai
2021-03-16
Huazai
Wooh that’s positive news for investment tips
Jinkachu
2021-03-16
Jinkachu
Nice
KHYAP
2021-03-16
KHYAP
AI 🚀🚀🚀🚀
JoelLim
2021-03-16
JoelLim
Please like and comment
- 627ac981:
  Sure
- Green_cow:
  done
OBT
2021-03-16
OBT
[财迷]
XavierCheng
2021-03-16
XavierCheng
[财迷]

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Venture capital companies IDG and Legend Capital were also involved. A fund under Chinese investment company Oriza Holdings also participated in the round.\n“Baidu’s Kunlun chip business has recently completed a round of financing. We will release more information in due course,” a spokesperson for Baidu said, without providing any details.\nKunlun is the name of Baidu’s AI chip business. It was not immediately clear how much money Baidu raised, but the source said the valuation of the chip business after the funding was $2 billion.\nReuters first reported news of the funding.\nCNBC reported last month that Baidu was looking to raise money for a standalone AI chip company.\nNow that the Kunlun business has raised money, it could pave the way for the unit to be spun-off, but no final decision has been made, the source said.\nAI chips are designed to process huge amounts of data that can be used in artificial intelligence applications. An injection of cash for Baidu’s business can help the company commercialize the technology.\nIt’s part of a broader diversification push from Baidu which saw the company set up a standalone electric vehicle venture with Geely and raise money for a biotech business. 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