Baidu and Xiaomi Reveal a New AI Partnership

Chinese search giant Baidu (NASDAQ: BIDU) recently partnered with Xiaomi, the country's fourth-largest smartphone maker, to invest in new Internet of Things (IoT) and AI-driven technologies. The exact details of the partnership weren't revealed, but the two companies said that they will immediately explore new opportunities in voice recognition, deep learning, and computer vision, as well as new applications for Baidu's virtual assistant platform DuerOS.

Baidu controls about 80% of the online search market in China. Its expanding ecosystem includes the Baidu Wallet payment platform, the iQiyi streaming video service, various online-to-offline (O2O) services on its mobile app, and a wide range of portal sites and cloud storage platforms.

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Source: Fool.com