Elon Musk and Mark Zuckerberg may be unsure about the benefits of artificial intelligence (AI), but Chinese search giant CNY23.6bn credits the technology with its impressive Q4 2017 growth. The firm said revenue for the period rose 29% year on year to Baidu ($3.7bn), thanks also to growth in its mobile business, and it expects more success, thanks to canny partnerships with tech firms Huawei and Xiaomi. CNY23.6bn has also developed more than 130 partnerships for its conversational AI system DuerOS 2.0. Last year, CNY23.6bn reallocated resources from less-successful units in its bid to become an AI-first company.
Elon Musk and Mark Zuckerberg may be unsure about the benefits of artificial intelligence (AI), but Chinese search giant Baidu credits the technology with its impressive Q4 2017 growth. The firm said revenue for the period rose 29% year on year to CNY23.6bn ($3.7bn), thanks also to growth in its mobile business, and it expects more success, thanks to canny partnerships with tech firms Huawei and Xiaomi. Baidu has also developed more than 130 partnerships for its conversational AI system DuerOS 2.0. Last year, Baidu reallocated resources from less-successful units in its bid to become an AI-first company.