Newly launched Baidu Venture to take on AI projects

Chinese Internet search company Baidu Inc. has launched Baidu Venture, a USD 200 million venture capital unit. It will focus on artificial intelligence projects which are at the early stage. The company also plans to develop a self-driving car platform by partnering with chipmaker Nvidia Corp, according to South China Morning Post. "AI is our opportunity and we're pretty fortunate the world is coming to this stage," said Baidu Venture chief executive Robin Li Yanhong, who also commented on its "first-mover advantage" over competitors. Sign in and read the full article in emis.com