HONG KONG -- Baidu Inc. posted another quarterly revenue decline and an unexpected net loss, while its latest AI model failed to impress investors last week, reflecting the struggle of Chinese tech giants to balance investments in AI development with revenue generation.
Technology
Baidu swings to unexpected quarterly loss as China's AI race heats up
Results reflect struggle of tech giants to balance investments with revenue generation
Search engine giant Baidu has struggled to impress investors with its AI model Ernie. © Reuters
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