Baidu beats fourth-quarter revenue estimates, announces $5 bln share buyback
"2022 was a challenging year ... in 2023, we believe we have a clear path to re-accelerate our revenue growth, and we are now well positioned to make use of the opportunities that China's economic recovery offers us," Baidu's Chief Executive Officer Robin Li said.
Baidu's AI-driven chatbot, seen by many as being at the forefront of China’s efforts to develop a rival to the platform developed by OpenAI and backed by Microsoft Corp"The Chinese AI market is on the verge of experiencing an explosive growth in demand, releasing unprecedented and exponential commercial value," Li said.
Li also said during a conference call that Ernie Bot would be first embedded in Baidu's search engine and that its Chinese-language capabilities were state of the art.
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