The investment extends an existing partnership between the two companies to develop smart city infrastructure. — SCMP
Chinese search engine giant Baidu is investing 1.44bil yuan (RM845.31mil or US$202mil) in industrial AI firm Neusoft Holdings to develop smart city, health care and education infrastructure.
“Neusoft is an industry leader in ... smart cities ... and AI cloud for hospitals and the education sector,” said Baidu said in a statement on Tuesday. “The collaboration between Baidu and Neusoft ... is cooperation between an internet firm and a solutions provider to explore leading AI technology applications and industrial intelligence.”
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