Breaking News
Tucker shares 'backroom' info about brawl between him and Israel First crowd…
Why Isn't There a Cure for Alzheimer's Disease?
US Government Revokes 80,000 Visas
OpenAI CEO Sam Altman served legal papers during speech in dramatic on-stage ambush
Top Tech News
Goodbye, Cavities? Scientists Just Found a Way to Regrow Tooth Enamel
Scientists Say They've Figured Out How to Transcribe Your Thoughts From an MRI Scan
SanDisk stuffed 1 TB of storage into the smallest Type-C thumb drive ever
Calling Dr. Grok. Can AI Do Better than Your Primary Physician?
HUGE 32kWh LiFePO4 DIY Battery w/ 628Ah Cells! 90 Minute Build
What Has Bitcoin Become 17 Years After Satoshi Nakamoto Published The Whitepaper?
Japan just injected artificial blood into a human. No blood type needed. No refrigeration.
The 6 Best LLM Tools To Run Models Locally
Testing My First Sodium-Ion Solar Battery
A man once paralyzed from the waist down now stands on his own, not with machines or wires,...
Baidu and China Life set up US$1 billion AI fund
China Life on Thursday said it had teamed up with internet search company Baidu to form a 7 billion yuan (US $ 1 billion) private equity fund. China Life will invest 5.6 billion yuan while Baidu will cover the remainder. The fund will invest in unlisted companies Involved in artificial intelligence (AI) and internet finance.
Baidu has invested heavily in artificial intelligence: Building image-recognition technology, investing in autonomous driving, launching digital assistants, similar to Apple's Siri, and even developing personal home robots. In May, the firm amended its mission statement to reflect the change in direction.
In July, Baidu said more than 50 groups have signed on to build and improve on Apollo, its autonomous driving platform, including top Chinese car manufacturers Chery Auto, Great Wall Motors and Changan Automobile, and even ridesharing company Grab Taxi. Foreign partners included Ford and Intel.
Of the 20 billion yuan ($3 billion) Baidu spent in research and development over the past two and a half years, the majority goes to AI.