Baidu reports 24 per cent increase in first-quarter revenue to 15.82 billion yuan

Robin Li Yanhong, the chairman and chief executive of Baidu, sees a steady build-up of investments in the Chinese online search giant’s artificial intelligence (AI) initiatives, including autonomous driverless cars, as more milestones are met by the company. “Our multi-year investment in artificial intelligence, particularly in deep learning, continues to pay dividends across many products,” Li said in a conference call with analysts on Friday. Baidu Brain, touted to be the world’s largest and most powerful high-performance computer network for, “supports all product lines and now enable us to offer a more relevant result to users, higher click-through rates to customers, faster delivery time for Takeout Delivery [online-to-offline local service], highly naturalistic text-to-speech features for news users, just to name a few”, Li said. “We believe we are leading in…


Link to Full Article: Baidu reports 24 per cent increase in first-quarter revenue to 15.82 billion yuan