BEIJING (By Paul Carsten, Reuters) — Google will take a minority stake in Beijing-based artificial intelligence firm Mobvoi as part of a $75 million fundraising round, the start-up said on Tuesday, as the U.S. search giant tries to rebuild its presence in China.
Mobvoi will maintain a controlling stake, it said in an e-mailed statement. The size of Google’s investment was not disclosed. Google’s parent company is now named Alphabet Inc.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1824816,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"B"}']The Chinese start-up works on artificial intelligence (AI) voice-controlled software, like that used in Google’s Android products for mobile search. Mobvoi previously partnered with the U.S. firm to provide Chinese-language voice search for the latter’s Android Wear smartwatch operating system.
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