Baidu's AI gains not enough as Q2 revenue misses analysts estimates

AI Summary Baidu (NASDAQ: BIDU) missed Wall Street’s second-quarter revenue estimate on Tuesday, August 18, reporting 31.3 billion yuan ($4.62 billion) for the three months to June, which is a 4% drop from a year earlier. Analysts at LSEG had expected about 31.96 billion yuan, and Baidu came in under that mark. The company recorded a quarterly... fulltext: 343 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/baidu-q2-revenue-slips-ai-cloud-gains/ Source: CryptoPolitan