Tuesday, March 1, 2022

Baidu reports Q4 revenue rose 9% YoY to ~$5.2B as net income drops to ~$269M, as the company transitions from online marketing to components supplier (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Baidu reports Q4 revenue rose 9% YoY to ~$5.2B as net income drops to ~$269M, as the company transitions from online marketing to components supplier  —  Baidu Inc.'s revenue beat estimates after efforts to monetize artificial intelligence technology helped offset losses in ad sales triggered by China's economic slowdown.



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London-based Tessl, which is building an AI to write and maintain code, raised $125M across seed and Series A, sources say at a $500M+ post-money valuation (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch : London-based Tessl, which is building an AI to write and maintain code, raised $125M across seed and Series ...