Baidu: AI Business Revenue Accounts for 50% of Core Business Revenue, No Share Issuance or Placement Plans

Odaily News: A Baidu spokesperson stated that the company has no plans for share issuance or placement, and its existing funds and operating cash flow are sufficient to support established business development. According to the latest financial report, as of the end of the second quarter, Baidu's total cash and investments reached RMB 283.1 billion, with operating cash flow remaining positive for four consecutive quarters. Meanwhile, Baidu's AI cloud infrastructure revenue grew 50% year-over-year, GPU cloud revenue surged 283% year-over-year, and AI business revenue now accounts for 50% of core business revenue. (STAR Market Daily)