| . | ![]() |
. |
|
by Staff Writers Washington (AFP) Oct 20, 2015
Google has taken a stake in a Chinese artificial intelligence startup which is aiming to develop smart wearable technologies, the companies said Tuesday. The amount on investment in Mobvoi was not disclosed. But the companies said that the firm, created by a former Google researcher, has now raised $75 million in equity financing. Google will lead the latest round and hold a minority stake, according to the statement. The move comes five years after Google's highly contentious exit from its Chinese operations over censorship. "Mobvoi is very excited to welcome Google as an investor as both companies share a long-term view on technologies and are dedicated to deliver an uncompromising user experience through emerging technologies," said Mobvoi founder Zhifei Li. The new funding is aimed at helping develop "a new generation of wearable experiences and explore consumer-oriented products for the in-vehicle environment" as well as exploring robotics technologies. "Mobvoi has developed some very unique speech and natural language processing technologies," said Don Harrison, vice president of corporate development at Google Inc. "We were impressed by their innovative approach and the early traction that they've seen, which is why we're pleased to support them with this investment." The two firms announced an agreement earlier this year to bring the Google Android Wear operating system to China. rl/mdl
Related Links All about the robots on Earth and beyond!
|
|||||||||||||
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - SpaceDaily. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |