Baidu Inc. said it plans to set up a RMB10 billion (US$1.5 billion) Apollo Fund to invest in 100 autonomous driving projects globally in the next three years, as the Chinese Internet giant continues to push ahead its artificial intelligence strategy. The news came after Baidu teamed up with China Life Insurance Co., Ltd to launch a RMB7 billion (US$1 billion) private equity fund targeting investment opportunities in the Internet, artificial intelligence, online finance and mobility sectors last month. At …

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