Baidu’s AI chip unit Kunlun completes new funding, at $2 bln valuation- source

Reuters2021-03-15

BEIJING, March 15 (Reuters) - Chinese search giant Baidu Inc said on Monday that its artificial intelligence 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 $2 billion.

The fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, 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 industry fund Oriza Hua, the person added.

"Kunlun chip business has recently completed a round of financing. We will release more information in due course," Baidu said in a statement sent to Reuters on Monday, declining to comment on the investors, fundraising amount or valuation.

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Comments

Imxb
2021-03-15
Imxb
Oooh
xiaobaii
2021-03-15
xiaobaii
Kindly Like & Comment Please, Thank You Very Much.
xoxoll
2021-03-15
xoxoll
Help me to comment and like
- xoxoll:
  ThaNk you
- xiaobaii:
  Kindly Like & Comment Please, Thank You Very Much.
chengwei92
2021-03-15
chengwei92
Cool
kino318
2021-03-15
kino318
Baidu stock price go up because of ai autonomous car driving technology. Is this correct?
SillyOldBear
2021-03-15
SillyOldBear
Wow

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu’s AI chip unit Kunlun completes new funding, at $2 bln valuation- source\n</h2>\n\n<h4 class=\"meta\">\n\n2021-03-15 12:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, March 15 (Reuters) - Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09888","symbol_name":"百度集团-SW","start_time":0,"source_url":null,"article_id":"2119990327","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2119990327","pubTimestamp":1615782774,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"BEIJING, March 15 (Reuters) - Chinese search giant Baidu Inc said on Monday that its artificial inte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"translate_title":"百度人工智能芯片子公司昆仑完成新一轮融资，估值为20亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09888":0.9,"BIDU":0.9},"content_text":"BEIJING, March 15 (Reuters) - Chinese search giant Baidu Inc said on Monday that its artificial intelligence 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 $2 billion.\nThe fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, was led by Chinese private equity firm CITIC Private Equity Funds Management $(CPE)$, the source said. 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Is this correct?","listText":"Baidu stock price go&nbsp;up because of ai autonomous car driving technology. Is this correct?","text":"Baidu stock price go up because of ai autonomous car driving technology. Is this correct?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322123570","repostId":2119990327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322167793,"gmtCreate":1615784549212,"gmtModify":1704786445337,"author":{"id":"3559770113710833","authorId":"3559770113710833","authorIdStr":"3559770113710833","name":"SillyOldBear","avatar":"https://static.tigerbbs.com/ef207140107fde8983f710c746a5b404","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559770113710833"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322167793","repostId":2119990327,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":17,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2119990327"}