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Baidu to invest $202 mln in Chinese AI company Neusoft

Credit: REUTERS/DAMIR SAGOLJ

China's search engine giant Baidu said on Tuesday it will invest 1.44 billion yuan ($202 million) in artificial intelligence firm Neusoft Holdings, with a view to collaborate in sectors such as smart cities and healthcare.

BEIJING, Sept 10 (Reuters) - China's search engine giant Baidu BIDU.O said on Tuesday it will invest 1.44 billion yuan ($202 million) in artificial intelligence firm Neusoft Holdings 600718.SS, with a view to collaborate in sectors such as smart cities and healthcare.

Baidu's chief technology officer, Wang Haifeng, will serve as a board director for Neusoft, which was founded in 2011 in the northeastern Chinese city of Dalian, Baidu said.

(Reporting by Yingzhi Yang and Brenda Goh; Editing by Himani Sarkar)

((Yingzhi.Yang@thomsonreuters.com; +861056692133;))

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