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May 22, 2018 05:32 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rw0CkEflJYc/
Baidu spins out its global ad business to sharpen its focus on artificial intelligence
Baidu, the Chinese search giant, is spinning out its business unit responsible for utility apps and its mobile ad business to sharpen its focus on artificial intelligence. As part of the spin-out, Baidu is selling a large chunk of its equity in the ‘Global DU’ business to as-yet-undisclosed investors. The plan is to sell “a […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rw0CkEflJYc/
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