Source: Tech – South China Morning PostBaidu’s revenue fell, hurt by an economic downturn that is capping its ability to fight bigger rivals in AI and make inroads in new growth areas.
The Ernie chatbot creator’s sales in the June quarter came to 32.7 billion yuan (US$4.6 billion), in line with the average of analyst estimates for a 4 per cent decline to 32.74 billion yuan. Net income came to 7.3 billion yuan, versus the projected 3.7 billion yuan.
China’s internet search leader is betting big on generative AI to drive future growth,…Read More