Reported 1 day ago
Kingsoft Cloud's CEO remains optimistic about the future of AI-driven cloud services despite a 11.7% quarter-over-quarter revenue decline in Q1 2025, with total revenue reaching 1.97 billion yuan, below analyst expectations. Although there were positive contributions from AI-related demands, seasonal factors impacted overall performance. The company reported a significant increase of 228% in AI gross billing, now accounting for 39% of public cloud services, highlighting the commitment to AI integration amidst challenges in the global supply chain.
Source: YAHOO