China's Baidu, betting on AI, posts fifth straight quarterly revenue drop
Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-year drop. With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending.
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China's Baidu, betting on AI, posts fifth straight quarterly revenue drop Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: The Economic Times https://a2zai.ai/bytes/china-s-baidu-betting-on-ai-posts-fi...
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