People sit in front of the company logo of Baidu at its headquarters in Beijing. ― Reuters picBEIJING, Feb 10 — China’s search engine giant Baidu Inc is in talks to raise cash for an artificial intelligence semiconductor company, CNBC reported today, citing a person familiar with the matter.
Venture capital firms GGV and IDG Capital are in discussions with Baidu, which is looking to diversify, to invest in its new venture to make chips, theThe company would make chips targeted at various industries including automobile manufacturing and would be a unit of Baidu.Baidu did not immediately respond to a Reuters request for comment. — Reuters
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