Baidu Drops 7% After Uber Partnership & AI Launch!

Wednesday, Jul 16, 2025 11:35 am ETmin read
Aime RobotAime Summary

- Baidu's stock plummeted 7% after announcing a partnership with Uber and unveiling new AI products.

- The collaboration involves Uber adopting Baidu's Apollo autonomous driving platform in China, raising competitive stakes.

- Investors expressed skepticism over the commercial viability of Baidu's newly launched generative AI tools.

- Market concerns centered on potential profit dilution from strategic investments in AI amid uncertain returns.

Comments



Add a public comment...
No comments

No comments yet