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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 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

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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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Baidu Announces Third Quarter 2023 Results

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Baidu, Inc. (BIDU) Reports Solid Q3 2023 Financial Results with 6% Revenue Growth, Launches ERNIE 4.0, and Appoints New Independent Director
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Baidu to Report Third Quarter Financial Results on Nov 21, 2023

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Baidu to Report Q3 2023 Financial Results on November 21, 2023
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Baidu Launches ERNIE 4.0 Foundation Model, Leading a New Wave of AI-Native Applications

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Baidu launched ERNIE 4.0, its next-generation foundation model, at the Baidu World 2023 conference. ERNIE 4.0 offers improved core AI capabilities and can understand, generate, reason, and memorize. Baidu also showcased its popular applications re-built with generative AI technologies, including Baidu Search, Baidu GBI, Infoflow, Baidu Wenku, Baidu Drive, and Baidu Maps.
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Baidu World 2023 Returns to In-Person Format, Unveiling Innovations in AI-Native Applications and Foundation Models

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Baidu to host annual flagship technology conference, Baidu World, on October 17th, featuring real-world demos and experiences. The company will unveil multiple AI-native applications and present the latest advances in foundation models. Robin Li believes that half of all jobs worldwide will be centered around 'prompt engineering' in the next decade. Baidu World 2023 will be the first time offline access has been opened to the general public.
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Baidu Becomes First in China to Offer Driverless Airport Rides

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Baidu launches driverless airport transportation services in Wuhan, expanding its autonomous ride-hailing platform Apollo Go. It is the first autonomous ride-hailing service in China connecting urban areas and an airport. Baidu aims to make autonomous ride-hailing more accessible to the public. Wuhan Tianhe Airport provides a strong foundation for further growth. Apollo Go has recorded over 3.3 million cumulative orders and a 149% YoY increase in rides in Q2 2023.
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36Kr Enters into Strategic Partnership with Baidu to Empower Growth with AI Applications

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36Kr Holdings Inc. announces strategic partnership with Baidu to expand AI applications
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Baidu Announces Second Quarter 2023 Results

Rhea-AI Summary
Baidu Q2 2023 financial results show revenue growth of 15% YoY, with Baidu Core revenue increasing by 14% YoY. Baidu Core non-GAAP operating profit grew by 27% YoY, with non-GAAP operating margin expanding to 25%. Net income to Baidu increased by 43% YoY, while diluted earnings per ADS increased by 42% YoY. Baidu's autonomous ride-hailing service, Apollo Go, provided 714K rides in Q2 2023, up 149% YoY. Baidu App's MAUs reached 677 million, up 8% YoY. iQIYI's average daily number of total subscribing members was 111.2 million.
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FAQ

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

The current stock price of Baidu (BIDU) is $91.28 as of February 21, 2025.

What is the market cap of Baidu (BIDU)?

The market cap of Baidu (BIDU) is approximately 31.4B.

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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