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Baidu, Inc. - BIDU STOCK NEWS

Welcome to our dedicated page for Baidu news (Ticker: BIDU), a resource for investors and traders seeking the latest updates and insights on Baidu stock.

Baidu, Inc. (NASDAQ: BIDU, HKEX: 9888), founded in 2000 by Robin Li, is China's largest internet search engine, holding an 84% market share as of September 2021 according to Statcounter. The company's core business revolves around providing intelligent and relevant search results tailored specifically to Chinese language and culture. Baidu's search engine facilitates tens of billions of queries daily, offering users various ways to find and share information.

Baidu's business extends beyond search engine services into several technology-driven sectors. The company is a frontrunner in artificial intelligence (AI), with significant growth initiatives in AI Cloud, video streaming services, voice recognition technology, and autonomous driving. Baidu's AI products, like the ERNIE Bot, are widely used and recognized for their advanced capabilities in language processing and generative AI.

Financially, Baidu demonstrated robust performance. In Q4 2023, the company reported total revenues of RMB35.0 billion ($4.92 billion), a 6% year-over-year increase. The AI Cloud business, in particular, has been a major revenue driver. Baidu's operational efficiency continues to improve, with a non-GAAP operating income of RMB7.1 billion ($996 million) and a non-GAAP net income of RMB7.8 billion ($1.09 billion) for Q4 2023.

Baidu's autonomous driving platform, Apollo Go, achieved a milestone by launching 24/7 services in Wuhan, making it China's first provider to offer round-the-clock autonomous rides. Additionally, Baidu released new AI advancements at its annual Baidu Create conference, showcasing models like ERNIE and opening up new opportunities for developers.

Partnerships and community contributions remain a cornerstone of Baidu's strategy. The company is committed to fostering a thriving AI ecosystem through competitions like the ERNIE Cup Innovation Challenge, which supports entrepreneurial teams in developing AI-native applications with substantial funds and resources.

Overall, Baidu stands out as a leading AI company with a strong internet foundation, continuously innovating and expanding its services to meet the evolving needs of users and developers alike.

News

Baidu Launches Second ERNIE Cup, A Global Innovation Challenge to Discover the Next Big AI-Native Applications

Rhea-AI Summary
Baidu, a leading AI company, has launched the second ERNIE Cup Innovation Challenge to discover the next big AI-native applications. The challenge offers up to RMB 50 million in funds and resources, with support from Baidu Co-founder, Chairman, and CEO Robin Li. Registration is open until May 15, 2024, welcoming entrepreneurial teams worldwide working on generative AI. The top teams can win funds and resources valued at RMB 10 million, RMB 5 million, and RMB 2 million, with a special prize of up to RMB 50 million. The challenge also includes a YOUNG competition for university students, aiming to nurture future AI stars.
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Baidu Presents a Suite of Toolkits and Models to Supercharge AI Creativity at Create 2024

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Baidu showcased AI toolkits and models at Create 2024 to boost creativity. ERNIE Bot has 200M users, ERNIE API handles 200M daily queries. Apollo VTA enhances autonomous driving. ERNIE Cup offers RMB 50M incentives for AI innovation.
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Baidu to Report First Quarter 2024 Financial Results on May 16, 2024

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Baidu, Inc. announces the reporting of its financial results for the First Quarter 2024 on May 16, 2024. The company will hold an earnings conference call to discuss the results, providing registration details for participants.
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Baidu Create 2024: Empowering Everyone as Creators of the AI Future

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Baidu, Inc. to host annual flagship AI developer conference 'Baidu Create' showcasing new ERNIE models and development toolkits. Robin Li to discuss empowering AI developers with versatile tools for a stronger AI ecosystem.
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/C O R R E C T I O N -- Baidu, Inc./

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Baidu, Inc. to host Baidu Create 2024, unveiling new AI advancements and tools. CEO Robin Li to discuss empowering developers with versatile models and toolkits. Event to feature lightweight models, AI toolkits, and industry forums.
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Baidu, Inc. Files Its Annual Report on Form 20-F

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Baidu, Inc. files its annual report for the fiscal year 2023, providing financial transparency to shareholders and investors. The report is available online and in hard copy, showcasing the company's strong internet foundation and commitment to transparency.
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Baidu Launches China's First 24/7 Robotaxi Service

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Baidu's Apollo Go autonomous ride-hailing service platform expands to offer 24/7 autonomous driving services in Wuhan, China, marking a significant operational milestone. The company has achieved various operational milestones, including launching fully driverless rides across challenging landscapes and offering driverless airport transportation services.
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Baidu Announces Fourth Quarter and Fiscal Year 2023 Results

Rhea-AI Summary
Baidu, Inc. announces strong financial results for Q4 and FY 2023, with total revenues reaching RMB 34,951 million in Q4, a 6% increase YoY. Operating income grew by 37% to RMB 5,392 million. Net income to Baidu saw a 169% increase to RMB 2,599 million. Baidu Core reported revenues of RMB 27,488 million in Q4, up 7% YoY, with net income of RMB 2,440 million. The company remains focused on enhancing operational efficiencies and achieving high-quality growth in 2024.
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Baidu to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024

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Baidu, Inc. (Nasdaq: BIDU) announced its plans to report financial results for Q4 and Fiscal Year 2023 on February 28, 2024. The earnings conference call will be held at 7:30 AM U.S. Eastern Time. Registration details and webcast information are available on the company's investor relations website. A replay of the call will be accessible until March 6, 2024.
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Baidu Responds to Recent Media Reports on Ernie Bot

Rhea-AI Summary
Baidu, Inc. clarifies its position on an academic paper mentioning several large language models, including Baidu's ERNIE Bot. The company emphasizes that ERNIE Bot is available to and used by the general public and has not engaged in any business collaboration or provided tailored services to the authors of the academic paper. The South China Morning Post has also clarified and corrected their original media report. Baidu reaffirms its commitment to operating its AI-related products and businesses in compliance with applicable laws and regulations and best corporate practices.
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FAQ

What is the current stock price of Baidu (BIDU)?

The current stock price of Baidu (BIDU) is $88.46 as of December 23, 2024.

What is the market cap of Baidu (BIDU)?

The market cap of Baidu (BIDU) is approximately 30.7B.

What does Baidu, Inc. specialize in?

Baidu specializes in internet search services and is a leader in artificial intelligence, offering AI Cloud, video streaming, voice recognition, and autonomous driving solutions.

How has Baidu performed financially in recent quarters?

In Q4 2023, Baidu reported total revenues of RMB35.0 billion ($4.92 billion), with a significant contribution from its AI Cloud business. The company also achieved a non-GAAP net income of RMB7.8 billion ($1.09 billion).

What are Baidu's recent advancements in autonomous driving?

Baidu's Apollo Go platform launched 24/7 autonomous driving services in Wuhan, becoming the first provider in China to offer round-the-clock autonomous rides.

What is ERNIE Bot?

ERNIE Bot is Baidu's advanced AI language model known for its generative AI capabilities. It has been integrated into various applications, enhancing user interaction and information processing.

What is the ERNIE Cup Innovation Challenge?

The ERNIE Cup Innovation Challenge is a competition organized by Baidu to support entrepreneurial teams in creating AI-native applications. Winners receive substantial funds and resources for their projects.

In which markets does Baidu operate?

Baidu operates primarily in China, providing internet search and AI-driven services. Its autonomous driving, AI Cloud, and other technology solutions are also expanding in various regions within China.

How does Baidu support developers?

Baidu supports developers through its AI toolkits, annual Baidu Create conference, and competitions like the ERNIE Cup. These initiatives provide technical guidance, resources, and platforms for innovation.

What is Baidu's mission?

Baidu's mission is to make the complicated world simpler through technology, focusing on intelligent search, AI advancements, and user-oriented services.

What are Baidu's future plans?

Baidu plans to continue enhancing its AI capabilities, expanding its autonomous driving services, and fostering a robust AI ecosystem through developer support and strategic investments.

How can investors access Baidu's financial reports?

Investors can access Baidu's financial reports on its investor relations website and the Hong Kong Stock Exchange's website. The company also provides hard copies upon request.

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Baidu, Inc.

Nasdaq:BIDU

BIDU Rankings

#393 Ranked by Market Cap
N/A Ranked by Dividends

BIDU Stock Data

30.74B
277.19M
2.76%
26.27%
1.95%
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