baidu
Baidu, China's leading tech company, is focusing heavily on artificial intelligence by investing in AI startups.
  • Baidu beat Wall Street's revenue estimates for its fourth fiscal quarter.
  • Shares of the Chinese search giant jumped in pre-market trading but tumbled as the market opened. 
  • The company revealed more details about its artificial intelligence chatbot. 

Baidu posted upbeat fourth-quarter earnings results this week, briefly sending shares of the company up 7% in pre-market trading on Thursday.

Shares pared gains though, tumbling 4% shortly after the opening bell to around $135.07.