China's internet giants see 1Q24 revenues skyrocket thanks to AI

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AI models have now become the new battleground in China's tech industry, with the four leading giants—Baidu, Alibaba, Tencent, and JD, or BATJ for short—all seeking to increase AI penetration and monetize traffic. In addition to search, video and text generation, AI is driving growth for these four giants as they use AI for ad placements.

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