Chinese search engine giant Baidu, Inc. has appointed Lu Qi, formerly global executive vice president at Microsoft, and noted expert in artificial intelligence, as its group president and chief operating officer, in charge of products, technology, sales, marketing and operations.
The closing months of 2016 have been kind to Qiming Venture Partners. The US$2.7 billion-under-management Chinese venture capital firm saw three of its portfolio companies list in public markets during the past month: in Shanghai, Taiwan and Hong Kong.
China Merchants China Direct Investments (CMCDI), a Hong Kong-listed investment entity managed by China Merchants Group and First Eastern Investment Group, has agreed to commit RMB90 million (US$13 million) to Anhui Iflytek Venture Capital LLP, a fund focused on investing in Internet and artificial intelligence applications in China.
A member of Temasek Holdings, WI Harper Group, FirstFloor Capital and Qualgro have invested US$19.5 million as part of a series B round in Taiwan-Headquartered Appier, a company that uses artificial intelligence to help businesses grow in a cross-screen era.
The era of mobile Internet is ending and future opportunities in technology exist in artificial intelligence, Robin Li, the CEO of Internet search leader Baidu Inc., said yesterday at the third World Internet Conference in Wuzhen, Zhejiang province.
Ten Chinese angel and venture firms, including the Zhen Fund, Innovation Angel Funds and CAS Star, have jointly launched an accelerator focused on artificial intelligence and big data.
Chinese Internet search engine giant Baidu Inc. has decided to end a food-delivering drone project to focus on artificial intelligence, according to remarks made by a company executive in Beijing reported by Chinese media.