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2021-03-16

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

Baidu has raised money for its artificial intelligence semiconductor business at a valuation of $2 billion.The funding round was led by CPE, a Chinese asset management and private equity firm.Now that the Kunlun chip business has raised money, it could pave the way for the unit to be spun-off, but no final decision has been made.GUANGZHOU, China —Baidu has raised money for its artificial intelligence semiconductor business at a valuation of $2 billion, a person familiar with the matter told CN

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

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu A.I. chip unit valued at $2 billion after funding and may become standalone business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/16/baidu-ai-chip-unit-valued-at-2-billion-after-funding.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBaidu has raised money for its artificial intelligence (AI) semiconductor business at a valuation of $2 billion.\nThe funding round was led by CPE, a Chinese asset management and private ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/16/baidu-ai-chip-unit-valued-at-2-billion-after-funding.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"source_url":"https://www.cnbc.com/2021/03/16/baidu-ai-chip-unit-valued-at-2-billion-after-funding.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1108132403","content_text":"KEY POINTS\n\nBaidu has raised money for its artificial intelligence (AI) semiconductor business at a valuation of $2 billion.\nThe funding round was led by CPE, a Chinese asset management and private equity firm.\nNow that the Kunlun chip business has raised money, it could pave the way for the unit to be spun-off, but no final decision has been made.\n\nGUANGZHOU, China —Baidu has raised money for its artificial intelligence (AI) semiconductor business at a valuation of $2 billion, a person familiar with the matter told CNBC.\nIt comes as the Chinese search giant looks to diversify its revenue streams.\nThe funding round was led by CPE, a Chinese asset management and private equity firm, the person said. 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. Baidu, best known as a Chinese search giant, still relies heavily on advertising revenue.\nSemiconductors and artificial intelligence are two key technologies China is hoping to boost its expertise and strength in.","news_type":1},"isVote":1,"tweetType":1,"viewCount":705,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}