Baidu Venture will target artificial intelligence, virtual and augmented reality startups, and will operate separately to Baidu's existing CVC activities.
Internet company Baidu has launched a $200m corporate venturing unit called Baidu Venture to invest in artificial intelligence, virtual and augmented reality, China Money Network reported yesterday.
Baidu Venture will be helmed by the firm’s chairman and chief executive, Robin Li, who will be chairman of the unit, according to Chinese media reports. Li told reporters: “AI is our opportunity and we are pretty fortunate the world is coming to this stage,” according to the South China Morning Post.
The…
