U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
On Tuesday, Baidu, Inc (NASDAQ: BIDU) reported fiscal fourth-quarter revenue of $4.68 billion, down 2% year-on-year, topping the analyst consensus estimate of $4.56 billion.
Chinese internet giant Baidu said its core business saw declining profits in the fourth quarter as online marketing revenue growth slowed even as its AI cloud business grew.
Search engine giant Baidu , reported quarterly revenue down by about 2%, as a slow Chinese economy forces small businesses to trim spending on advertising.
Baidu is expected to report a jump in net profit but a small decline in revenue as it looks to reassure investors it is a serious player in China's artificial-intelligence scene.
The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders.
Baidu Inc. (BIDU) closed at $97.48 in the latest trading session, marking a +0.92% move from the prior day.
China's Baidu said on Friday that it would make the next-generation artificial intelligence model Ernie open-source from June 30.
BIDU's fourth-quarter 2024 results are likely to disappoint as China's tech giant battles shrinking ad revenues and profit margins.
Baidu stock gained after the China tech giant said it will offer it AI chatbot for free starting in April. The post Baidu Stock Gains On Free Chatbot Plan Amid AI Showdown With Alibaba, DeepSeek appeared first on Investor's Business Daily.
Baidu plans to offer its Ernie chatbot at no cost to both desktop and mobile users as it seeks to take the crown as China's leading AI player.
Shares in Chinese search giant Baidu surged as much as 11.7% in Hong Kong on Thursday after it announced it will make its AI chatbot free of charge starting April 1.