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Free Malaysia Today
an hour ago
- Free Malaysia Today
Baidu posts quarterly revenue drop as consumption flags
Baidu achieved revenue of US$4.56 billion in Q2 2025. (EPA Images pic) BEIJING : Chinese internet giant Baidu recorded a slight drop in quarterly revenue today, dragged down by a persistent slump in domestic spending as its push into artificial intelligence (AI) accelerates. Beijing-based Baidu, the operator of China's top search engine, generates a significant proportion of its revenue from online ads, making its performance highly susceptible to fluctuations in the country's spending patterns. The firm achieved revenue of ¥32.7 billion (US$4.56 billion) during the second quarter (Q2) of 2025, down 4% year-on-year, according to a statement to the Hong Kong Stock Exchange. Revenue from online marketing during the period was down 15% year-on-year to ¥16.2 billion, the statement showed. China is facing an uncertain economic outlook as cautious consumers navigate a years-long downturn in the property market, high unemployment and trade tensions with Washington. Retail sales – a key gauge of consumer demand in China – grew at a slower rate in July than expected, official data showed on Friday. Following years of tight regulation of the vast Chinese tech sector, Beijing is hoping that recent advancements in AI will provide the spark needed to jumpstart the domestic economy. Baidu also said today that its net profit during Q2 was ¥7.3 billion – a 33% jump year-on-year but down 5% from the previous quarter. The company has invested heavily in AI, placing it in an increasingly competitive race alongside China's other tech giants Tencent, Alibaba and ByteDance. It has also sought to advance its autonomous 'robotaxi' services abroad. Baidu and Lyft announced plans this month to launch robotaxis on the rideshare app in Germany and Britain in 2026, pending regulatory approval. The firm said in a joint statement with Uber in July that it plans to offer driverless cars on the Lyft competitor's app in Asia and the Middle East this year.
Malay Mail
5 hours ago
- Malay Mail
Water and energy are Malaysia's edge in global tech race, says Anwar
KUALA LUMPUR, Aug 20 — Prime Minister Datuk Seri Anwar Ibrahim today said Malaysia's abundance of water and energy resources has made the country an attractive destination for data centre, semiconductor and artificial intelligence (AI) investors. For that reason, Anwar said the water and energy portfolios were placed under Deputy Prime Minister Datuk Seri Fadillah Yusof as they are 'too strategic for the country'. 'If we ask investors, their first two reasons are usually water and energy, and professional workforce is only the third reason. 'We cannot defend our credibility as a peaceful and competent country if we cannot resolve basic issues such as energy and water,' he said at the official launch of the Langat 2 water treatment plant (LRA) at Hulu Langat, Selangor today. The prime minister also stressed the need to upgrade old pipes to reduce non-revenue water and prepare for droughts by exploring modern, water-efficient technologies. Constructed to meet rising demand in the Klang Valley, the Langat 2 water treatment plant can now treat up to 1,130 million litres of water per day (MLD) from Sungai Semantan in Pahang. The raw water is channelled from Sungai Semantan through a 44.6-kilometre tunnel across the Titiwangsa Range to Hulu Langat. The Langat 2 facility will supply treated water to the Western Corridor (KL City Centre, South KL, Petaling, Sungai Besi, Kinrara and Puchong) and the Northern Corridor (Ampang, North KL from Wangsa Maju to Maluri, Keramat and Gombak). The RM4.2 billion project was funded and developed by Pengurusan Aset Air Bhd (PAAB). The plant is equipped with modern technologies including the Granular Activated Carbon double filtration system, a lamella clarifier inclined plate settler, and real-time monitoring through the supervisory control and data acquisition system. It also incorporates environmentally friendly processes such as static mixing, zero discharge, and hosts Malaysia's first and longest pipe conveyor system for water treatment residual. Fadillah, who was also present at the launch, said Malaysia's water supply access stood at 97 per cent in 2024 while the water reserve margin in the peninsula and Labuan was at a satisfactory 14.9 per cent. He added that Malaysia aims to develop local water technologies that meet international standards under the Water Sector Transformation Plan 2040, as well as explore the use of recycled water for non-food industries.
Barnama
6 hours ago
- Barnama
Vietnamese Travellers Increase Usage Of AI In Their Travel Plans
AI (Artificial Intelligence) letters and robot hand miniature are seen in this illustration, taken on June 23, 2023. -- Photo by REUTERS/Dado Ruvic/Illustration/File Photo HO CHI MINH CITY, Aug 20 (VNS/VNA) -- Artificial intelligence (AI) has become an integral part of daily life for Vietnamese travellers who are incorporating AI into their future travel plans. The Global AI Sentiment Report by revealed that 99 per cent of Vietnamese consumers express excitement about AI, 86 per cent are familiar with the technology, and 99 per cent want to use AI in their future travel plans, Vietnam news agency reported. While many embrace AI's potential, some approach it with caution, underscoring the need for responsible implementation that balances opportunity with consumer trust. bootstrap slideshow These new insights and perspectives will help shape the next chapter of AI in travel and beyond. Drawing on insights from over 37,000 consumers across 33 markets, including Vietnam, the research explores how people are using, trusting, and responding to AI in everyday life and travel. new research also identifies distinct segments among consumers based on how they feel about AI. Almost half of Vietnamese travellers are AI enthusiasts, intrigued by what AI can do, while 28 per cent are AI advocates who actively support its benefits and responsible adoption. This optimism comes from the belief that AI will make life easier, save time and effort, expand learning opportunities, and enhance productivity. AI is now a big part of daily life for Vietnamese travellers as 99 per cent use AI-powered search, 92 per cent use streaming recommendations, and 95 per cent engage with generative AI tools. Yet, the lack of a human touch generates doubts with 27 per cent who find AI impersonal.
