China’s Baidu has cited its focus on using AI technologies beyond search as a key reason for its sharp rise in revenue last year. The company reported revenue of CNY102.3bn ($14.9bn) in 2018, representing growth of 22% YoY, with the search giant incorporating AI into such areas as its voice assistant and autonomous driving solutions. Baidu’s chief executive, Robin Li, said that while it was still early days for AI, he expected to see more companies adopting it.
China’s Baidu has cited its focus on using AI technologies beyond search as a key reason for its sharp rise in revenue last year. The company reported revenue of CNY102.3bn ($14.9bn) in 2018, representing growth of 22% YoY, with the search giant incorporating AI into such areas as its voice assistant and autonomous driving solutions. Online marketing revenues accounted for CNY82bn of combined revenue, a 19% YoY rise.