Baidu Posts Fifth Consecutive Quarterly Revenue Decline, Confident in AI Pivot

1. 1Baidu's Q2 revenue falls 4% YoY to 31.3 billion yuan ($4.6 billion), marking fifth straight quarterly decline
2. 2Operating income 3 billion yuan (vs. 3.3 billion YoY); AI revenue up 25% to 12.5 billion yuan, marketing revenue down 19% to 13.1 billion yuan
3. 3CEO Robin Li expresses confidence in shift from internet-centric to AI-first company amid marketing headwinds

Source AFP · View original ↗

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