Baidu Inc. acted as a strategic investor in a financing round for the Beijing Innovation Center of Humanoid Robotics Co. Ltd. The round raised over 700 million yuan. This equates to $100 million. State-backed funds also provided backing. The investment aims to speed up the development of embodied artificial intelligence.
This move aligns with China's strategic push to commercialize humanoid robotics. China views the sector as a new frontier for efficiency in manufacturing and service industries. Baidu's participation underscores its long-term strategy in artificial intelligence and advanced robotics.