Baidu Says ERNIE Will Return to AI's Top Tier, Targets Hong Kong Listing by Year-End · TechNode
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4 Articles
Baidu says ERNIE will return to AI's top tier, targets Hong Kong listing by year-end · TechNode
Baidu management said ERNIE will return to the top tier of the AI industry as the company continues to invest in model development. Baidu also said it plans to complete its primary listing in Hong Kong by the end of this year, according to the company’s second-quarter earnings-call report. Baidu reported second-quarter revenue of RMB31.3 billion. AI-related businesses accounted for more than half of revenue for the second consecutive quarter, wh…
The image is for illustrative purposes only. People walk past the logo of Baidu's Beijing headquarters on February 2, 2024. (Jade Gao/AFP via Getty Images)
Baidu’s AI revenue share holds at 50% as Wall Street funds buy in
Baidu released its financial results for the second quarter of 2026 on August 18. The company reported total revenue of RMB 31.3 billion (USD 4.6 billion), down 4% year-on-year (YoY). Revenue from its general business was RMB 25.2 billion (USD 3.7 billion), with artificial intelligence powered businesses contributing RMB 12.5 billion (USD 1.8 billion), or 50% of the total. It was the second consecutive quarter in which AI accounted for at least …
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