Beijing AI firm just five years old, but has already developed a series of cutting-edge auto products based on voice recognition technology
Volkswagen has invested US$180 million in a Chinese artificial intelligence start-up, as the German company bets big on so-called “smart mobility solutions” for its next generation of cars.
The latest investment pushes total funding secured by Beijing-based Mobvoi to US$250 million with other investors including Google, Sequoia and Zhenfund.