Baidu Tops China's AI Public Cloud Services Market: Report

Baidu (NASDAQ: BIDU) boasts the highest market share in China's fast-growing artificial intelligence (AI) public cloud services market, according to a recent report by the International Data Corporation (IDC). Baidu beat out such notable local competitors as Alibaba (NYSE: BABA) Cloud and Tencent (OTC: TCEHY) Cloud, as well as industry heavyweights Amazon (NASDAQ: AMZN) Web Services and Microsoft (NASDAQ: MSFT) Azure to win the title. In addition to being the market share leader, Baidu also has the highest number of invocations (the execution of a program or function) and provides the highest number of AI products and capabilities, according to the report.