China’s Baidu acquires VC-backed AI player Raven Tech
Chinese search giant Baidu has acquired Beijing-based Raven Tech, an artificial intelligence (AI) start-up backed by several VC investors, for an undisclosed sum.
Following the transaction, Raven Tech founder Cheng Lü will become head of Baidu’s smart home device business. He will report to Qi Lu, who joined Baidu last month from Microsoft as part of a push into...
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