{"id":597113,"date":"2026-08-18T14:32:25","date_gmt":"2026-08-18T14:32:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/597113\/"},"modified":"2026-08-18T14:32:25","modified_gmt":"2026-08-18T14:32:25","slug":"chinas-baidu-betting-on-ai-posts-fifth-straight-quarterly-revenue-drop","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/597113\/","title":{"rendered":"China’s Baidu, betting on AI, posts fifth straight quarterly revenue drop"},"content":{"rendered":"

\"\"<\/a> Baidu has for years heralded the potential of artificial intelligence in China (-) <\/p>\n

Baidu posted a fifth straight drop in quarterly revenue on Tuesday as the Chinese tech giant expressed confidence in its transition to artificial intelligence services to drive long-term growth. <\/p>\n

The Beijing-based search engine provider, sometimes called China’s Google, has for years heralded the potential of AI in the country. <\/p>\n

Baidu pushed aggressively into AI by recruiting prominent researchers and with the release of its “Ernie” tool — one of China’s first AI chatbots. <\/p>\n

Revenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a four-percent year-on-year drop. <\/p>\n

The figure represented the fifth straight quarter with declining revenue. <\/p>\n

Operating income was 3 billion yuan during the three-month period ending June 30, the report showed, down from 3.3 billion yuan a year earlier. <\/p>\n

With cash flows still largely generated by marketing on its search platform, Baidu has suffered in recent years from a pronounced slump in Chinese consumer spending. <\/p>\n

“While our online marketing business remains under pressure, the growing momentum in our core AI-powered Business reaffirms Baidu’s transition from an internet-centric company to an AI-first company,” the firm’s chief executive Robin Li said in a statement. <\/p>\n

That AI momentum “strengthens our confidence in our long-term growth potential”, Li said. <\/p>\n

Revenue from Baidu’s AI business, including applications and supporting infrastructure, was 12.5 billion yuan in the second quarter, up 25 percent year-on-year. <\/p>\n

Meanwhile revenue from online marketing services was 13.1 billion yuan, down 19 percent compared with the same period a year earlier. <\/p>\n

Highlighting a nagging consumption slump, China’s retail sales grew at a slower pace in July, official data showed on Monday. <\/p>\n

Data released by the National Bureau of Statistics showed retail sales grew 0.6 percent in July, well below the 1.5-percent forecast in a Bloomberg survey and down from the one-percent increase seen in June. <\/p>\n

mya\/ami <\/p>\n","protected":false},"excerpt":{"rendered":"Baidu has for years heralded the potential of artificial intelligence in China (-) Baidu posted a fifth straight…\n","protected":false},"author":2,"featured_media":597114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,5840,114,61,60,81125,80],"class_list":["post-597113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-baidu","tag-china","tag-ie","tag-ireland","tag-quarterly-revenue","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/597113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=597113"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/597113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/597114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=597113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=597113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=597113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}