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

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