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Technology Stocks : Baidu (BIDU)

BIDU 119.50

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3:59 PM EST

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From: Frank Sully	8/12/2021 12:04:53 PM
	of 2098

Baidu AI Cloud grew 71% year over year! "Baidu Core delivered another strong quarter, powered by the fast growth of our new AI business. AI enables businesses and local governments to do more and serve more people," said Robin Li, co-founder and CEO of Baidu. "We are excited about the opportunities to help different industries transform their business with AI and support our goal to become carbon neutral by 2030." "Baidu Core revenue grew 27% year over year in the second quarter, boosted by AI cloud growing 71% year over year," said Herman Yu, CFO of Baidu. "Baidu's search and feed business was solid, and we continue to execute and lead on our new AI business, including AI cloud, autonomous driving and smart assistant."

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