Baidu, which is known for its search engine and autonomous driving technology, leads
In an internal memo, Baidu CEO
The company's stock price in
“AI technology has reached a tipping point and all industries will inevitably go through transformation,” Li said in the memo.
“Baidu stands as the best example of the long-term growth of China’s AI market and is advancing at the forefront of this new wave,” he said.
The company also announced a
Baidu reported revenues of
Most of Baidu’s revenue comes from its online marketing services, which generated
Its
After years of regulatory scrutiny following a crackdown on the technology sector and a sluggish economy battered by COVID-19, companies like Baidu look likely to invest more as
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