Baidu Reports Surprise Revenue Jump During China's AI Battle
Baidu Inc. 's revenue beat estimates, after China's internet search leader fended off intensifying competition in AI and a persistent economic downturn.
Revenue for the three months ended March rose 3% to 32.45 billion yuan ($4.5 billion), when analysts expected it to shrink to 31.03 billion yuan. Net income for the same period came at 7.72 billion yuan.
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