Baidu Profit Halves After AI Spending Erodes Bottom Line

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Chinese search engine firm Baidu Inc.’s profit plunged a worse-than-anticipated 48%. This underscores the growing costs of training and developing artificial intelligence to fend off challengers. Bloomberg Intelligence's Robert Lea shares his take on the results on Bloomberg Television.
  1. Bloomberg Television
  2. Baidu Inc
  3. China
  4. Robert Lea
  5. Search engine
  6. earnings
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AI and EV tech is the Future. Execution is key. FSR .Up 36 % week. Fisker. Electrified Tour to 17 US Cities creating over 2, 500 Test Drives in US. 4 th quarter/ 2023 earnings report Today 1 hr after market close. Archer...Blink...Blade ... Polestar... VEV, more.

gainer
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All Chinese hitech will go bankrupt after chasing AI for a while.

ArabicReja
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All those in favor of losing money, say AI.

cvrart
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US companies dont have to worry about the bottom line because Biden keeps giving handouts to handle the cost

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