NEWS COMMENTARY

Baidu invests $200 million in Neusoft for AI applications in industrial sectors

Published:
September 17, 2019
Coverage:
Digital Transformation More...
Activities:
Investment More...
by Jerrold Wang
Average importance

Neusoft ($1 billion revenue in 2018) is a Chinese software developer and IT service provider targeting industrial sectors like healthcare, transportation, manufacturing, telecom, energy, and smart city. This deal can speed up and expand Baidu's AI deployment in these sectors. This deal also signals that Chinese AI companies want to move beyond the existing coverage of sectors like finance, retail, and government and enter industrial sectors where AI tools are used much less in the Chinese market. Clients with established AI solutions for industrial sectors should consider working with leading Chinese AI companies like Baidu, Alibaba, and Tencent and using their channels to get access to the growing local industrial demand for AI.

For the original news article, click here .


Further Reading

Telit enters the Chinese IoT market with the state-owned China Unicom

News Commentary | October 16, 2018

Telit's deviceWISE IoT platform has strong device and connectivity management features that likely drew China Unicom to engage with Telit. These features streamline IoT deployments by providing industrial customers with easy access to key pieces of information like controlling the spikes in network ... Not part of subscription

Landing.AI reaches agreement with Chinese machinery and equipment manufacturer Zoomlion for developing AI-based products in agriculture

News Commentary | August 01, 2018

As part of this agreement, Landing.AI will help Zoomlion with setting an AI strategy, developing AI‑based agricultural machinery, and establishing an AI team. This is not the first time that Landing.AI is attempting to transform the manufacturing industry. In December 2017, Landing.AI announced that... Not part of subscription

China becomes the innovation hotbed for AI chips

Analyst Insight | August 28, 2018

As noted in the Lux report "New Chips on the Block: Hardware for Computing at the Edge," we expect several key drivers, such as privacy, bandwidth limitations, and leveraging diverse experiences, to usher in an era of edge computing. One of the approaches to edge computing is using artificial ... Not part of subscription