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Chinese tech giant Baidu spins off $2 billion AI chip unit, gears up for homegrown production amid fierce competition

Chinese tech giant Baidu spins off $2 billion AI chip unit, gears up for homegrown production amid fierce competition
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Chinese search giant Baidu Inc has confirmed that its artificial intelligence (AI) chip unit Kunlun has been spun off as an independent company with a valuation of 13 billion yuan ($2 billion), underscoring the Chinese internet giant’s ambition in developing and commercializing its in-house chipsets amid growing industry competition. 

Ouyang Jian, the chief architect of Baidu chip, will become its CEO. Baidu Kunlun completed its first round of funding and reached a valuation of $2 billion in April…

To read more: http://enapp.globaltimes.cn/#/article/1227121

SOURCE: GLOBAL TIMES

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