May 31, 2023
Baidu invests $140 million to foster generative AI startups
Posted by Gemechu Taye in categories: internet, robotics/AI
Baidu Inc. is investing 1 billion yuan ($140 million) to nurture Chinese startups that explore generative AI, leveraging its Ernie AI model to help drive innovation.
Baidu Inc., China’s internet search leader, is investing 1 billion yuan ($140 million) to incubate Chinese startups that focus on generative AI. As reported in Bloomberg, the move makes Baidu a part of the global investment wave centering on ChatGPT-like services.
Baidu’s $140 Million Venture into Generative AI Startups
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