China’s Baidu said on Wednesday U.S. export controls on semiconductors would not significantly impact its AI development, citing access to domestic alternatives.
The dominant search engine in China also reported first-quarter revenue that exceeded analysts’ expectations, boosted by growing demand for its AI cloud services.
“Domestically developed chips and increasingly efficient homegrown software will form a strong foundation for long-term innovation in China’s AI ecosystem,” Baidu Vice President Shen Dou told analysts on a conference call.
The…