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Baidu in talks to raise money for a stand-alone A.I. chip company

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A woman walks past the Baidu booth at the China International Technology Fair in Shanghai.

STR | AFP | Getty Images

GUANGZHOU, China — Chinese search giant Baidu is in talks to raise money for a stand-alone artificial intelligence semiconductor company, a person with knowledge of the matter told CNBC.

The move is emblematic of an ongoing push among China’s biggest technology firms to boost their prowess in the chip sector. And for Baidu, it marks a further effort to diversify its business well beyond advertising.

Baidu’s Nasdaq-traded shares jumped 7.4% as U.S. markets opened Wednesday. They climbed 6.67% on Tuesday.

Baidu’s chip company would be a subsidiary, with the search giant likely…



Source cnbc.com

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