Chinese search engine giant Baidu, Inc. has acquired xPerception, a U.S. technology company that provides visual perception software and hardware solutions for a range of applications, including robotics, virtual reality (VR), and devices for people who are visually impaired.
The acquisition further strengthens the use of Baidu's visual perception technology in key projects like augmented reality (AR) and autonomous driving. It also accelerates the development of Baidu's artificial intelligence-based products.
Financial terms were not disclosed.
California-based xPerception is a technology start-up with world-class talent from both China and the United States. The co-founders of the company, Dr. Bao Yingze and Dr. Chen Mingyu, were early key engineers at AR start-up Magic Leap.
The acquisition of xPerception is the latest in a recent series of notable inve...
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