Space Industry and Business News  
ROBO SPACE
Google invests in Chinese artificial intelligence firm
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

Google


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All about the robots on Earth and beyond!






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ROBO SPACE
Friendly robot Pepper makes European debut in France
Laguna Beach, United States (AFP) Oct 21, 2015
A humanoid robot name Pepper designed as an upbeat companion made its European debut on Tuesday helping shoppers with wine, and more, in a major shop in France. The test run involves seven robots stationed in different parts of a Claye-Souilly region Carrefour store, where they are programmed to do things such as suggest food recipes or wine choices, or assess customer satisfaction, Magali C ... read more


ROBO SPACE
IBM plays down earnings miss as part of evolution

Army orders more counter-fire target radars

Western Digital buys SanDisk in $19 bn tech deal

NY Times teams with Google on virtual reality project

ROBO SPACE
Southeast Asian nation awards Harris $10 million contract for radios

Harris delivering tactical radios to multiple customers

LGS Innovations enhances ISR technologies

Harris supplying tactical radios to Special Operations Forces

ROBO SPACE
ORBCOMM Announces Launch Window For Second OG2 Mission

10th Anniversary of the Final Titan

China puts new communication satellite into orbit for HK company

ISRO to Launch 6 Singapore Satellites in December

ROBO SPACE
Russian-Chinese Sat NavSystem to Launch on Silk Road, EEU Markets

ISRO looking to extend GPS services to SAARC countries

Last of the dozen GPS IIF satellites arrive at CCAFS for processing

Glonass system can fully switch to domestic electronics in 2 years

ROBO SPACE
Belarus to buy new Russian Su-30SM fighter jets after 2020

Dayton U.S. Air Force unit handles major sales

Lockheed Martin's F-16V takes flight

Air Force issues new advanced helmet for F-35 pilots

ROBO SPACE
Electronics get a power boost with the addition of a simple material

Light goes infinitely fast with new on-chip material

Chemical microdroplet computers are easier to teach than to design

EU clears chipmaker Intel's $16.7 bn buyout of Altera

ROBO SPACE
Daily Views of Earth Available on New NASA Website

Sentinel-3A shows off

China reports less pollution from burning straw

NASA Eyes on Earth Aid Response to Carolina Flooding

ROBO SPACE
Morocco trash pickers help fight climate change

Belgian urban vacuum cleaner takes on world's litter

Trial over Italy's toxic steel plant on hold

Heavy air pollution in 80% of Chinese cities: Greenpeace









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. 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. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. 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.