Volkswagen doubles down on China with $180M investment in smart technology for cars

 Volkswagen is doubling down on China and AI in one fell swoop after the automaker announced a $180 million investment in Chinese startup Mobvoi to bring smart technology into its cars. Unlike a regular capital raise, VW’s money is going into a joint-venture that will “develop and apply AI technologies to automotive industry” rather than Mobvoi itself, the companies said in… Read More

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