Baidu Ventures, Comet Labs to Create AI Ecosystem in US

AI/Robotics-focused venture capital firm and research lab COMET LABS' co-founder Liu Wei has been hired by BAIDU VENTURES as its new CEO. Baidu Ventures is the independent investment arm of the Chinese technology conglomerate, Baidu. As the new CEO of Baidu Ventures, Wei will be leading investments and strategic partnerships for the firm with a strong focus on developing new artificial intelligence technologies. Additionally, Wei and Baidu Ventures will be strengthening their partnership with Comet Labs both in the United States and in China. Baidu Ventures has committed resources and talent to enhance Comet Labs' industry-focused accelerator programs, beginning with the Transportation Lab that was recently opened for startup applications.