Chinese search giant Baidu launches $1.5 billion fund for autonomous car tech

 

Baidu – China’s equivalent of Google – has launched a $1.5 billion fund for autonomous car technology.

The company’s newly established Apollo Fund will invest in 100 autonomous driving projects in the next three years.

Meanwhile, Baidu has unveiled the latest iteration of its Apollo open-source autonomous driving platform, Apollo 1.5. The Apollo platform has gathered 70 partner companies so far. Continue reading Chinese search giant Baidu launches $1.5 billion fund for autonomous car tech