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China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

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.

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China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

Baidu's revenue fell 4% YoY for a fifth straight quarter, despite AI business surging 25%, as search-advertising dropped 19%. The disparity signals transition risk: legacy ad revenue erodes faster than AI growth, threatening margin as Baidu shifts to AI-first.

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