Baidu Inc. (NASDAQ:BIDU), one of China’s largest multinational technology companies, has completed a fundraising round on its artificial intelligence (AI) chip, Kunlun, that would value the business at $2 billion, a source told Reuters. The round, which generated an undisclosed amount of funding, was led by CITIC Private Equity Funds Management (CPE), and is said to include IDG Capital, Legend Capital and Oriza Hua.
The Kunlun chip has been praised for its development of autonomous vehicles and...