Baidu Ventures strengthening partnership with Comet Labs; gets new CEO

Baidu Ventures is strengthening their partnership with Comet Labs both in the United States and in China. The independent investment arm of the Chinese technology conglomerate Baidu has hired Comet Labs’ co-founder Liu Wei as its new CEO.

As the new CEO of Baidu Ventures, Ms. Wei will be leading investments and strategic partnerships for the firm with a strong focus on artificial intelligence technologies. Baidu Ventures says it has committed resources and talent to enhance Comet Labs’ industry-focused accelerator programs, beginning with the Transportation Lab that was recently opened for startup applications.

[Image courtesy: Comet Labs]


Also see:

Velodyne Lidar inks multi-year agreement with GreenValley

Velodyne Lidar has inked a multi-year agreement to provide its lidar sensors to GreenValley for handheld, mobile and unmanned aerial vehicle 3D mapping solutions.

IBM announces new chairman for Europe, Middle East and Africa

Ana Paula Assis, general manager IBM Europe, Middle East & Africa, will take on the expanded role of chairman Europe, Middle East & Africa, says IBM.

Qualcomm, Adobe expand creative experiences collaboration

Qualcomm and Adobe have inked an expanded collaboration to support creative experiences on Snapdragon-powered devices across mobile, compute, and XR platforms.