Baidu has for years heralded the potential of artificial intelligence in China.
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.
The Beijing-based search engine provider, sometimes called China's Google, has for years heralded the potential of AI in the country.
Baidu pushed aggressively into AI by recruiting prominent researchers and releasing its "Ernie" tool—one of China's first AI chatbots.
Revenue during the second quarter came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-year drop.
