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In the tech industry, Baidu's Q3 2023 financial results have surpassed estimates, with total revenues of RMB 34.4 billion ($4.72 billion) and a non-GAAP net income of RMB 7.3 billion ($996 million), marking a 6% year-over-year revenue increase and a 23% net income rise. The company's expansion into new businesses, particularly AI, has been a significant contributor to this success. Baidu's shares rose by 2% following the revenue beat.