The contest to cash in on Chinese AI heats up

China’s internet moguls are nothing if not fiercely competitive. Take, for instance, the jockeying for leadership in the market for cloud services. Baidu, the country’s search giant, surprised industry watchers on May 21st when it revealed that revenue from its cloud-computing business in the first quarter had surged by 42%, year on year, blowing through analysts’ predictions. The same day Tencent, maker of the WeChat super-app, hosted a cloud-computing conference at which the firm cut its prices and promised a big upgrade to its platform. The next day Alibaba, China’s biggest e-commerce firm, told an audience at its own cloud-themed conference that it was expanding globally and that its services would soon be available in dozens of countries.