
Baidu's $2.3B AI Pivot Write-Down
Baidu's 2025 net profit plunged 76% to 56B CNY due to 162B CNY impairment on legacy search hardware unfit for AI workloads. Clears path for AI cloud (300B CNY revenue), Kunlun chip IPO, Wenxin model. Long-term finances lighten post-outclear.






