Baidu's 3rd-quarter revenue falls 3% as economic woes hit ad spending
Briefly

from South China Morning Post2 months ago
Baidu's revenue fell 3% in Q3, reflecting a struggling economy and declining online marketing, outweighing the growth from its AI investments.
South China Morning Posthttps://www.scmp.com/tech/big-tech/article/3287590/baidu-revenue-falls-3-third-quarter-economic-woes-hit-ad-spending
Despite struggling with revenue, Baidu's AI, particularly the Ernie model, is experiencing rapid adoption, with a significant increase in daily API call volumes.
South China Morning Posthttps://www.scmp.com/tech/big-tech/article/3287590/baidu-revenue-falls-3-third-quarter-economic-woes-hit-ad-spending
CEO Robin Li emphasized the company's commitment to investing in AI, stating that scaling it will help drive innovation and create broader value.
South China Morning Posthttps://www.scmp.com/tech/big-tech/article/3287590/baidu-revenue-falls-3-third-quarter-economic-woes-hit-ad-spending
Baidu aims to steadfastly invest in AI technologies despite the economic backdrop, seeking to transform pressure into opportunities for growth and innovation.
South China Morning Posthttps://www.scmp.com/tech/big-tech/article/3287590/baidu-revenue-falls-3-third-quarter-economic-woes-hit-ad-spending
Read at South China Morning Post
#baidu #ai #online-advertising #financial-results #chinese-economy
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