Baidu partners AMI in $266 mil Singapore-based venture fund for autonomous vehicles

SINGAPORE (Jan 9): Chinese internet giant Baidu is teaming up with Singapore-based Asia Mobility Industries (AMI) to launch a US$200 million ($266 million) venture fund to drive opportunities in the region for autonomous vehicles and smart transportation.

Baidu and AMI will form a joint venture to launch the Apollo Southeast Asia fund, which will be based in Singapore. 

The fund will focus on advanced mobility projects, technology exchanges, the establishment of research programmes, and the commercialisation of Baidu’s autonomous driving technologies in the region.

---

Related Stories

• Microsoft launches AI agents, deepening rivalry with Salesforce
• Microsoft shares lag as ‘AI fatigue,’ high multiple curb rebound
• Briefs: Fed cuts rates by half point; The Edge Singapore wins two awards; Blackrock, Microsoft to raise US$30 bil for AI

---