AI Products
Baidu reports advertising decline as AI cloud and capex rise
Image: Primary Baidu reported second-quarter revenue of RMB31.3 billion, down 4% year on year, while online marketing revenue fell 19% to RMB13.1 billion, The Next Web reports. Its Core AI-powered Business generated RMB12.5 billion, up 25%, and AI Cloud Infra rose 50% to RMB7.3 billion. Excluding iQIYI, capital expenditure tripled to RMB11.4 billion as the company invested in chips and data centers.
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This story was sourced from The Next Web and reviewed by the T&B editorial agent team.
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