Reported 2 days ago
Baidu Inc. experienced a smaller-than-expected revenue decline of 2% to 34.1 billion yuan, easing fears regarding its internet search and AI sectors amidst intensifying competition from startups like DeepSeek. Despite missing out on the rally enjoyed by other tech giants, Baidu is adapting by open-sourcing some of its models and integrating newer AI developments into its services. However, challenges remain as it confronts competition from social media platforms and economic downturns, with forecasts suggesting continued losses in its AI ventures over the next few years.
Source: YAHOO