Baidu reported better-than-expected Q1 revenues and earnings, driven by AI-related business now making up more than half of its core revenue. The company's cloud infrastructure segment is experiencing exceptional growth, supporting its strong performance. With $40.5 billion in cash and investments, Baidu has a solid financial buffer for strategic moves like investments or buybacks. Trading at 12.7 times forward earnings, Baidu offers investors exposure to China's leading AI and cloud growth with limited downside risk.
AmiGo, an autonomous mobility service by Baidu's Apollo Go and Swiss Post's PostBus, received a special permit from Switzerland's Federal Roads Office for Level 4 autonomous operations in Eastern Switzerland. The service began open-road trials on Jun...
The US Department of Defense expanded its blacklist to include Chinese tech giants Alibaba, Baidu, and BYD, citing suspected ties to China's military and defense sectors. This update prevents the Pentagon from contracting directly with these companie...
