Zheping Huang / Bloomberg:
Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others — Baidu Inc. posted a surprise rise in revenue, after efforts to expand in areas such as cloud computing and autonomous driving offset weak ad sales in China.
Brought to you by USA Today Read the rest of the article here.