Baidu is one of the most popular search engines in China. In fact, the company that has developed this search engine also works on projects of a great magnitude, as an autonomous vehicle similar to the one that Google is developing. In the last few hours Baidu has returned to the news after buying an artificial intelligence startup with a voice assistant that would be very useful to compete with Google Home and Amazon Echo.
As they echo from the source, the economic terms of the agreement have not been disclosed, so we do not know how much Baidu would have had to pay to get the Raven Tech technology, the startup of which we speak. Even so, we do know that this company has a capital of more than 18.12 million dollars from six different investment funds.
Specifically, the company is known for a voice assistant based on artificial intelligence available as an application for mobile devices (whose name is Flow). According to their creators, this is an unprecedented innovation. Baidu has acquired all the intellectual property of the startup, reason why its sixty employees will be part of the equipment of the Chinese giant.
At this point it is clear that this is an important acquisition, especially if we consider the advantages it could provide Baidu in the development of products to compete with the devices of Google and Amazon whose popularity is on the rise for a few months . As always, we will remain attentive to any developments related to the agreement.