Xiaodu is the developer of DuerOS, a voice assistant system based on AI that supports television, speakers and other smart home appliances. It completed its Series A funding in November 2020 at a post-money valuation of $2.9 billion, said Baidu.
Earlier in March, Baidu said that its AI chip unit Kunlun also completed a round of fundraising, which according to one source with direct knowledge of the matter valued the business at about $2 billion. (https://reut.rs/3D9Xcbo)
Baidu said on Tuesday that after the transaction it would remain a majority shareholder.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Rashmi Aich)