Baidu reports Q2 revenue down 2% YoY to ~$4.62B, below ~$4.69B est. and its fifth straight quarterly decline, and net income of ~$341M, as it lags AI rivals (Bloomberg)
Baidu Inc.'s revenue fell for a fifth consecutive quarter, reflecting a weakening position in ads as well as AI development against rivals like Moonshot.
We haven't written up this one. Techmeme has the full story — the link below goes straight to it.
This story
This is one outlet's version. Read the fullest account.