Baidu Inc (BIDU) has released an update.
Baidu Inc. reports stable online marketing revenue and significant growth in AI Cloud revenue for Q1 2024, driven by the optimization of its AI technology stack. The company’s non-GAAP operating margin has improved both annually and quarterly, highlighting its consistent operational efficiency. Additionally, Baidu has returned $229 million to shareholders and released an ESG report showcasing its commitment to sustainability.
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