The Digital Source For China's Tech Innovation Since 2000

Search
Close

Volkswagen Invests USD180 Million In Chinese Voice Search Company

April 10, 2017
Business | Software

Chinese-language mobile voice search engine provider Mobvoi announced a deal with Volkswagen Group, and the two parties will set up a joint venture to explore the vehicle artificial intelligence sector.

Volkswagen will invest USD180 million in Mobvoi. This makes the German automaker the sole investor of Mobvoi's series D financing.

According to Mobvoi, Volkswagen and Mobvoi will each own a 50% stake in the joint venture, which will focus on the development of artificial intelligence technologies for vehicles.

Founded in October 2012, Mobvoi aspires to define the next generation of human-machine interaction through their unique artificial intelligence technologies. The company features voice-oriented artificial intelligence solutions. Since its founding, Mobvoi has gained total investments of USD75 million from investors like ZhenFund, Sequoia Capital China, SIG, and Google Ventures.

At present, autopilot is the world's hottest artificial intelligence application scenario. Prior to this, Intel announced plans to acquire Israel's advanced driver assistance systems and autonomous driving provider Mobileye for USD15.3 billion.

Tags: AI | artificial intelligence | automobile | big data | car | Germany | Google Ventures | Intel | investment | Israel | joint venture | JV | Mobileye | Mobvoi | search engine | Sequoia Capital | voice search | Volswagen | ZhenFund

Other Related News:

China's Software Business Revenue Up 11.7% In First Ten Month Of 2020

December 9, 2020

Dell Launches Linux Computers In China

November 8, 2007

China Community E-Commerce Market Size, Trends & Forecasts 2021-2025 with Impact Analysis of COVID 19

January 18, 2022

China’s smarter 5G technology provides support to Beijing 2022, Chinas carbon neutrality vision

January 14, 2022

The Tell: Another state-run China media opening has come out overhanging during a country’s gaming companies

August 6, 2021

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lifted by Raymond James Financial Services Advisors Inc.

December 27, 2021

China Mobile Releases TD-SCDMA Tender Results

November 17, 2008

Beijing Launches Digital Works Copyright Registration Platform

April 28, 2006

Motorola Adjusts Domestic Channel In China

May 28, 2007
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....