Google reportedly just invested more than million in a Chinese artificial intelligence start-up

Guang Niu/Getty ImagesA woman polishes a dais before the Google global Chinese name launch on April 12, 2006 in Beijing, China. BEIJING (Reuters) – Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the start-up said on Tuesday, as the U.S. search giant tries to rebuild its presence in China. Mobvoi will maintain a controlling stake, it said in an e-mailed statement. The size of Google’s investment was not disclosed, although TechCrunch’s Jon Russell reports that Google likely paid more than $60 million. “Mobvoi’s Yufan Wang confirmed that Google has become a minority shareholder. The deal, she said, takes the company to $75 million in investment to date. Since Mobvoi previously raised $10 million Series B and $1.6 million…


Link to Full Article: Google reportedly just invested more than million in a Chinese artificial intelligence start-up

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