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AI News from ET - Baidu results beat estimates as AI cloud surge offsets ad slump

Vishwadeep Khatri
in AI News & Two Lenses

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Baidu has announced strong quarterly results, surpassing market expectations. The company's cloud computing services showed significant growth, helping to compensate for a downturn in its advertising business. This surge in cloud demand is linked to increased enterprise adoption of artificial intelligence in China. Baidu's core AI-powered business, including cloud, saw a substantial revenue increase.

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