Baidu reports Q1 revenue up 3% YoY to ~$4.5B, above ~$4.3B est., and a ~$1B net profit, as the Chinese search giant fends off intensifying competition in AI (Bloomberg)

Bloomberg:
Baidu reports Q1 revenue up 3% YoY to ~$4.5B, above ~$4.3B est., and a ~$1B net profit, as the Chinese search giant fends off intensifying competition in AI  —  Revenue for the three months ended March rose 3% to 32.45 billion yuan ($4.5 billion), when analysts expected it to shrink to 31.03 billion yuan.