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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....

Read more at bloomberg.com

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