[BIG TECH]■ STORY TIMELINE

BAIDU BEATS ESTIMATES DESPITE 55% PROFIT PLUNGE

Baidu reported Q1 revenue of $4.7 billion, down 1.1% year-over-year but exceeding analyst expectations of $4.5 billion. Net profit declined 55% to $506.6 million, still topping estimates of $462.5 million.

4 SOURCESFIRST SEEN MAY 18, 10:20 AM► READ THE ARTICLE

Techmeme+0m

Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down 55% YoY to ~$506.6M, above ~$462.5M est., amid a slow AI payoff (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal: Baidu reports Q1 revenue down 1.1% YoY to ~$4.7B, above ~$4.5B est., and net profit down…

Techmeme+2d 10h

Nvidia reports Q1 net income up 211% YoY to $58.3B, beating analyst estimates of $42.9B, and raises Q2 revenue forecast to $91B (Robbie Whelan/Wall Street Journal)

Robbie Whelan / Wall Street Journal: Nvidia reports Q1 net income up 211% YoY to $58.3B, beating analyst estimates of $4…

Techmeme+3d

Higgsfield AI premieres Hell Grind, a 95-minute fully AI-generated film, at Cannes and says it took two weeks and cost $500K to make, of which $400K was on AI (Isabelle Bousquette/Wall Street Journal)

Isabelle Bousquette / Wall Street Journal: Higgsfield AI premieres Hell Grind, a 95-minute fully AI-generated film, at C…

Techmeme+4d 12h

The US Ambassador to Canada accuses Canada of imposing trade barriers by requiring that US streamers contribute 15% of Canadian revenue to local programming (Paul Vieira/Wall Street Journal)

Paul Vieira / Wall Street Journal: The US Ambassador to Canada accuses Canada of imposing trade barriers by requiring th…

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