Although all types of automation have benefited from investor interest this past year, there has been a lot of focus on AI funding in particular as 2017 winds down.
In “Robot Investments Weekly,” Robotics Business Review recaps the past week’s transactions across the global robotics industry. For more information, Robotics Business Review subscribers can access our Transactions Database to stay up to date on the key mergers and acquisitions, investments, public offerings, and government funding developments. Search, sort, and print by transaction type, date, or industry.
At press time, we tracked deals for 20 companies that raised more than $394 million — not even including the first transaction below! By comparison, last week, 10 companies raised more than $126 million.
Didi Chuxing hails $4B in AI funding
Ride-sharing company Didi Chuxing Technology Co. has raised $4 billion in funding from sources including SoftBank Group Corp. According to The Wall Street Journal, the Chinese company will use the money to compete with Uber Technologies Inc. and invest in self-driving cars and other artificial intelligence systems.
Although this transaction may not strictly be confined to robotics, it’s an example of the ongoing rivalry between the U.S. and China for AI leadership. This week’s announcement of an AI partnership between Baidu and Huawei is another example.
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