Baidu's Robotaxi Has been Getting Closer To Scalable Adoption With Unit Economics Breakeven In Sight: Goldman Sachs

Quick Summary:

The analyst flagged near-term ad revenue growth as being under pressure due to the ongoing artificial intelligence search renovation initiatives for a better user experience.

The AI-cloud revenue is accelerating, with Artificial Intelligence Global Company (AIGC) related contributions taking up a larger portion.

Autonomous driving is making notable progress in narrowing losses, and the margin is likely to remain stable with the stock buyback pace to speed up.

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: News Price Target Benzinga Tech Trading Ideas Top Stories BIDU Stories That Matter US0567521085 Analyst Ratings Expert Ideas Briefs Reiteration Emerging Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 15:53:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22263142

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About Benzinga

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Official Website: benzinga.com

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News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #53

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