Baidu: AI investments may rival search income
Baidu expects its investments in the artificial intelligence sector to turn into sources of profits and cash flows that approach the revenues from traditional research operations, which currently account for more than half of the company's sales. The company plans to recover the costs of data processing centers within two to three years as demand for computing services and electronic chips continues to grow. Additionally, Baidu aims to strengthen its financial position by reducing capital expenditures, with plans to spin off its Conlixine chip subsidiary, implement share buyback programs worth $5 billion, and adopt a new dividend policy.
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