Chinese “Baidu,” placing all hopes in AI, reports a revenue decline for the fifth consecutive quarter

Chinese "Baidu," placing all hopes in AI, reports a revenue decline for the fifth consecutive quarter

Called the “Google of China,” Baidu has been announcing the potential of AI in the country for many years. Baidu has actively pushed into the AI field, hiring well-known scientists and releasing its tool “Ernie” – one of the first Chinese AI chatbots.

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The company’s unaudited financial report shows that second-quarter revenue reached 31.3 billion yuan (4.6 billion US dollars), which is 4% less than the same period last year.

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