Baidu announced its third-quarter results, revealing a 7% year-over-year decline in revenue to 31.2 billion yuan, impacted by an 18% drop in its core online advertising business. The company reported a net loss of 11.2 billion yuan, which was attributed to asset writedowns. Despite the overall revenue decrease, this was the first time Baidu separately disclosed detailed results for its AI segments, which showed significant expansion. The company's strategic focus on artificial intelligence proved to be a major bright spot, with combined AI-related business revenue growing by over 50% year-over-year to approximately 10 billion yuan. This strong performance was driven by a 262% surge in AI-native marketing services and a 33% increase in AI cloud infrastructure revenue. Investors responded positively to the AI growth story, looking past the advertising weakness, which led to a pre-market stock increase of over 4%.