Tag: AI cloud

Oracle Jumps 6% After 30% Revenue Growth on AI Cloud Demand

Oracle shares rose about 6% after reporting 30% revenue growth, with cloud infrastructure revenue up 121% on AI demand.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

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