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Baidu to invest $202 million in Chinese AI company Neusoft

Baidu's chief technology officer, Wang Haifeng, will serve as a board director for Neusoft, which was founded in 2011 in the northeastern Chinese city of Dalian, Baidu said.

September 10, 2019 / 11:38 AM IST

China's search engine giant Baidu said on September 10 it will invest 1.44 billion yuan ($202 million) in artificial intelligence firm Neusoft Holdings, with a view to collaborate in sectors such as smart cities and healthcare.

Baidu's chief technology officer, Wang Haifeng, will serve as a board director for Neusoft, which was founded in 2011 in the northeastern Chinese city of Dalian, Baidu said.
Reuters
first published: Sep 10, 2019 11:30 am
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