Baidu to buy US firm in AI push
BEIJING - Chinese internet firm Baidu Inc has agreed to acquire US computer vision firm xPerception for an undisclosed amount to support their renewed efforts in artificial intelligence as Chinese tech firms face regulatory headwinds in the United States.
xPerception, which makes vision perception software and hardware with applications in robotics and virtual reality, will continue to develop their core technology under Baidu's research unit, the Chinese firm said in a statement on Thursday.
"The acquisition of xPerception is the latest in a recent series of notable investments aimed at strengthening Baidu's position as a global leader in AI," it said.
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