Baidu: Buy The AI Story Without Paying For It
BIDUBIDU(BIDU) Seeking Alpha·2024-04-18 08:07

JHVEPhoto/iStock Editorial via Getty Images Baidu's (NASDAQ:BIDU) transition from China's leading search engine company to artificial intelligence (AI) leader has only gained traction since I last covered the stock (see Baidu: Poised For Upside As AI Monetization Begins). The good news is that the company has also begun monetizing its AI capabilities; Q4 2023 results showed the company had already unlocked ~CNY 656m (or ~$100m) of AI revenue, with guidance outlining a path to further ramping up its AI-relat ...