Baidu places AI at the core of its services

This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers hours before appearing on Business Insider. To be the first to know, please click here. Chinese internet search giant Baidu credited its solid revenue growth in Q4 2017 to its mobile and artificial intelligence (AI) businesses, according to the company's earnings report. Revenue for the quarter jumped 29% year-over-year (YoY) to reach 23.6 billion yuan ($3.7 billion). In 2017, Baidu refined its focus and began restructuring its resources, shifting them from less profitable ventures to emerging segments such as AI, big data, cloud, and mobile, according to Baidu CEO Robin Yanhong Li.