Chinese tech giant Baidu reported a 3% decline in third-quarter revenue, reaching $4.78 billion, with net income rising by 14% to $1.09 billion, driven by a 12% increase in non-online marketing revenue due to AI cloud growth. Despite beating market expectations, Baidu’s U.S.-traded shares fell 2.3% in premarket trading. CEO Robin Li highlighted the company’s focus on AI capabilities, with the Ernie chatbot gaining traction and generative AI contributing 11% to the AI cloud business revenue.
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Southwest Airlines Baggage Change: Which Airlines Charge for Checked Bags?
Southwest Airlines is ending its free checked baggage policy starting May 28, except for A-List Preferred members and Business Select ticket holders. The airline aims to increase revenue and attract new customers by implementing baggage fees aligned with industry norms. Baggage fees have become a significant revenue source for airlines, with competitors like American, Delta, and United earning billions from checked baggage charges. Full Article
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