Worries About Baidu Ad Shrinkage Mount Amid Problems Monetizing AI

Robin Li, chairman and CEO of Baidu, speaks at the opening ceremony of the 2021 World Artificial Intelligence Conference in Shanghai in July 2021.Wu Jun/VCG via Getty ImagesChinese search giant Baidu’s core advertising business shrank in the second quarter, a trend that analysts say may continue for the rest of this year amid China’s sluggish economic recovery and the company’s struggle to monetize its own artificial intelligence technologies.Shares of the dual-listed firm plunged as much as 7% in Hong Kong ...