Baidu's smart voice unit to raise independent round on $2.9B valuation

Baidu's smart voice unit to raise independent round on $2.9B valuationBaidu, China's dominant search service and a leader in artificial intelligence research, is further diversifying into the smart voice space as its smart living group is poised to raise an independent round on a 20 billion yuan ($2.94 billion) post-money valuation. The fundraising move signals a potential spinoff of the smart living group down the road. The unit is best known for its voice assistant DuerOS, the search giant's Alexa equivalent, which was active on 200 million devices including both Baidu's own branded speaker and a variety of third-party gadgets as of early 2019.




from Yahoo Tech https://ift.tt/3n4bUsA

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