Chinese online search giant Baidu’s AI chip unit Kunlun completes new funding, said to be at US$2 billion valuation

Source: South China Morning PostChinese online search giant Baidu said on Monday that its artificial intelligence (AI) chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about US$2 billion.The fundraising, which comes as Baidu pushes forward its AI chip design plans, was led by Chinese private equity firm Citic Private Equity Funds Management (CPE), the source said. Other investors include IDG Capital, Legend Capital and an…Read More

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