Baidu ekes out modest quarterly revenue growth amid escalating generative AI competition in China
Baidu, China’s search engine and artificial intelligence (AI) giant, reported 1 per cent revenue growth in the first quarter of 2024, in line with consensus estimates, as the Beijing-based company contends with heightened domestic competition amid efforts to commercialise its generative AI initiatives. The firm’s revenue reached 31.5 billion yuan (US$4.3 billion) during the quarter … Read more
