Baidu beats estimates as Q1 revenue rose 1% YoY to ~$4.2B but misses with a ~$131.5M net loss, amid a shift into AI and supplying tech to others (Zheping Huang/Bloomberg)

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Baidu beats estimates as Q1 income rose 1% YoY to ~$4.2B however misses with a ~$131.5M web loss, amid a shift into AI and supplying tech to others — Baidu Inc. posted a shock rise in income, after efforts to increase in areas akin to cloud computing and autonomous driving offset weak advert gross sales in China.