Chinese tech giant Baidu announced that its AI businesses have become its main revenue source in the first quarter, showing a 49% year-on-year increase despite an overall 2% drop in revenue.

Baidu has reached a historic milestone as its AI businesses surged to become its primary revenue driver in the first quarter, despite a 2 per cent dip in overall income, the Chinese tech giant said on Monday. The company’s artificial intelligence-related businesses, including AI cloud, AI applications and AI marketing services, saw revenue grow to 13.6 billion yuan, a 49 per cent year-on-year increase. “AI-powered business exceeded half of Baidu general business revenue for the first time,...