Baidu's growth surges in 2018 on more AI deployment


(MENAFN) Chinese artificial intelligence (AI) firm Baidu has reported strong revenue growth for 2018, as it applied AI technologies more.Baidu received 102.3 billion yuan in revenue last year, up 28 percent year on year, while net income stood at 27.6 billion yuan, surging 51 percent from 2017.The company"s CEO said: "2018 was a pivotal year for Baidu, as we worked on deploying AI technologies beyond search to feed, voice assistant, AI solutions and autonomous driving."Daily active users of Baidu"s flagship mobile app saw a 24-percent year-on-year expansion to reach 161 million by the end of last year.

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