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πŸ‡¨πŸ‡³ ChinA.I. πŸ€–πŸ§ πŸ¦ΎπŸ€–

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It is often said that pioneers get arrows in their back. That seems to be the case for Baidu, which was an early mover in the AI space in China. In an exclusive story, SCMP reported that Baidu was streamlining AI operations following a loss-making quarter, despite reporting a 50 per cent jump in AI-related revenue in the period. The company is axing staff in Beijing, Shanghai and Guangzhou, affecting multiple major business units, according to employees. #πŸ‡¨πŸ‡³ ChinA.I. πŸ€–πŸ§ πŸ¦ΎπŸ€– https://www.scmp.com/tech..
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Exclusive | Baidu cuts jobs, restructures AI teams after loss-making quarter

The staff cuts come after the company posted a loss-making third quarter, despite reporting a 50 per cent jump in AI-related revenue.

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