China’s leading search engine Baidu is doing quite well for itself as the company surpassed its own revenue estimates for the quarter, reports Reuters.
What was once seen by many as a search engine tool has now ventured into the world of cloud services. But that’s not all as we saw it take the leap forward into driving and robotaxis too. Now that’s what we call diversity at its best.
On Thursday, the company made a shocking announcement about its revenue and how it managed to go above and beyond estimates predicted by analysts in regard to this current quarter.
The news comes as COVID-19 resurges in the country with lockdowns and remote working in full swing. Therefore, as you can already imagine, these restrictions boosted the demand for both AI and cloud-related services.
This news further went on to boost the company’s shares in the US market by nearly 5%. And that’s despite the company sending out cautions that they’re expecting to see more challenges come forward for the second…