Baidu’s revenues stagnate as the company struggles to make money from AI
(Bloomberg) — Baidu Inc.’s revenue fell, reflecting difficulties in transitioning from search ads to artificial intelligence during China’s economic downturn. Most read by Bloomberg Revenue for the three months through June fell 0.4 percent to 33.9 billion yuan ($4.7 billion), compared with forecasts of 34.1 billion yuan. Net profit was 5.5 billion yuan, compared with […]
