The Beijing-based firm’s total revenue for the September quarter fell to 33.6 billion yuan (US$4.6 billion), the company reported on Thursday, marking its biggest decline in the past two years owing to ongoing market headwinds. Online marketing revenue fell 4 per cent to 18.8 billion yuan.
Ernie has been handling approximately 1.5 billion daily calls to its application programming interface this month, according to Baidu, more than doubling August’s 600 million daily calls.
Company co-founder and CEO Robin Li Yanhong said the company will continue to spend heavily on AI despite near-term pressure. “As we further scale AI, we are emboldened to find how it can drive innovations and create value for consumers, enterprises and society at large”, Li said in a statement.
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