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BP: invests in Chinese AI energy management tech startup

(CercleFinance.com) - BP said on Thursday that it has invested in Chinese energy management startup R&B, whose systems predict, control and improve buildings' energy use.


The 3.6 million dollar investment - BP's first venture into artificial intelligence technology in China - is part of R&B's latest funding round, the British oil giant said in a press release.

This is the latest financial injection in China for BP Ventures, BP's investment arm, following an investment in PowerShare, a software firm for electric vehicle sharing, last year and a 10 million dollar investment in NIO Capital to explore advanced mobility in 2018.

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