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Technology Stocks : Baidu (BIDU)
BIDU 127.63+0.6%Oct 29 3:59 PM EDT
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From: Ron6/10/2023 10:18:57 PM
   of 2093
 
Baidu Inc. has set aside 1 billion yuan ($140 million) to fund Chinese startups that explore generative AI, joining a global investment wave.
China’s internet search leader will use the pool to incubate projects built atop its Ernie AI model, in deployments as high as 10 million yuan apiece, Baidu said in a statement Wednesday. Venture investors including IDG Capital will take and judge pitches from founders, who then build demo products before receiving a verdict on whether they get seed funding, Baidu said.
finance.yahoo.com
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