Baidu to buy US firm in AI push - Business - Chinadaily.com.cn

Chinese internet firm Baidu Inc has agreed to acquire US computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in the United States. "The acquisition of xPerception is the latest in a recent series of notable investments aimed at strengthening Baidu's position as a global leader in AI," it said. Baidu is targeting foreign personnel and technology as part of a wider drive to refocus company resources on developing artificial intelligence capabilities. Revenues from the firm's core search unit took a beating last year when the Chinese government tightened online ad regulations, culling a chunk of existing advertisers with new eligibility requirements. The announcement comes as other Chinese tech firms struggle with regulatory push-back on acquisitions in the US market.