New business, new revenues

New business, new revenues

Baidu’s stronger-than-expected outlook validates AI push.

  • #Baidu Inc. forecast sales that topped estimates as efforts by China’s internet search leader to diversify into the cloud and artificial intelligence businesses start to pay off.
  • #BlackRock, with $7.8 trillion under management, is the latest institutional financial player entering the #crypto space.
  • World #stocks were battling to avoid a second day of declines as hints of rising inflation led by a one-year high in #oil prices and the strongest copper prices in nearly a decade kept traders in check.

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