China's Baidu beats earnings estimates as chatbot awaits government approval
Publishing timestamp: 2023-05-17 01:44:01
Summary
Baidu beats first-quarter revenue and profit estimates as businesses spend more on advertising in post-Covid China. The company is awaiting regulatory approval to launch its Ernie bot, a ChatGPT-like tool. Business momentum is building in China, with revenue rising and strong signs of recovery in various sectors.
Sentiment: POSITIVE
Keywords: chinese new year, artificial intelligence, stock markets, covid-19, business news, corporate profits, technology, generative ai, economic growth, china, iqiyi inc, earnings, baidu inc, chinese yuan renminbi,