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Baidu Reports Lower Revenue Amid Weak Ad Business (WSJ. 20250820)
In earnings, Chinese search engine giant, Baidu, reported lower quarterly revenue amid a weaker performance in its core advertising business. Profit was better than expected though. Revenue for the second quarter fell 3.6 percent from a year earlier to 32.71 billion yuan, which equals to about 4.55 billion dollars. Baidu's CEO said the company's AI cloud business helped mitigate the near-term pressure on its online marketing business. Plus, General Motors has a new team focused on artificial intelligence. The automaker has been on a hiring spree the last eight months, bringing on board nearly a dozen hires from top tech companies, from Google to Meta to AWS. Its goal: to build a small but mighty AI team that'll assist the organization everywhere from factory production lines to the NASCAR racetrack, as well as help individual groups build AI workforces. Finally, we exclusively report that US battery companies are increasingly looking overseas for new manufacturing opportunities. Group14, a Seattle-based Silicon Valley materials maker, said it closed a $463 million funding round led by South Korean conglomerate SK. As part of that deal, Group14 will take control of the company's silicon battery material manufacturing in South Korea, having previously held a 25% stake in the joint venture. This comes at a time when support for clean tech wanes in the country.
중국 검색업체 Baidu의 핵심 광고 사업이 부진한 가운데 분기 매출이 전년 동기 대비 하락했음. 단, 이익은 예상보다 높았음. CEO에 따르면 AI 클라우드 사업이 온라인 마케팅 사업에 대한 단기적 압박을 완화하는 데 도움이 됐음. 한편, GM이 AI 팀을 구축했음. 최근 몇 개월 동안 GM은 Google, Meta, AWS 등 주요 테크기업으로부터 인재를 채용함. GM은 공장 생산라인부터 NASCAR 경주 트랙까지 조직 전반을 지원하는 작지만 강력한 AI팀을 구축하고자 함. 한편, 미국 실리콘 배터리업체 Group14가 신규 생산 기회를 해외 시장에서 모색하고 있음. Group14는 한국 대기업 SK의 주도로 4억 달러 이상의 펀딩 라운드를 마무리했음. 이를 통해 Group14는 합작법인 지분 25%에서 지분 전량을 인수했음. 이번 펀딩은 미국에서 청정기술에 대한 지원이 줄어드는 가운데 진행됐음