Baidu reported AI-cloud infrastructure revenue growth of 50%, while its GPU-cloud revenue increased 283%.

Baidu reported that revenue from AI-cloud infrastructure increased 50% year over year. Revenue from its graphics processing unit (GPU) cloud business rose 283%.

The company also said AI business revenue had reached 50% of its general-business revenue. The source did not provide absolute revenue for AI-cloud infrastructure or GPU cloud, installed GPU capacity, utilization or customer concentration.

Baidu separately stated that it had no plan for an additional share placement. It said existing funds and operating cash flow were sufficient to support its planned business development.

At the end of the second quarter, Baidu reported ¥283.1 billion in cash and investments. Operating cash flow had remained positive for four consecutive quarters, according to the company representative cited in the report.