What happened
Chinese carmaker Chery participated in a $100 million funding round for AI startup PsiBot. The reporting source provides limited details on the transaction. It does not disclose valuation figures or specific product integration timelines.
The context
Automakers are investing directly in AI startups to secure software and robotics capabilities for future vehicles. Chery's backing highlights ongoing investor confidence in China's AI hardware ecosystem.
Sources
- Tech in Asia ↗ via Google News Reported