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.
Baidu announced significant advancements in its Apollo smart driving solutions during an automotive intelligence conference in Beijing on April 16, 2023. By 2026, it predicts that 15% of smart cars will feature its L2+ level intelligent driving capabilities. The Apollo City Driving Max has been upgraded with a lightweight HD map, while Apollo Highway Driving Pro will launch on Black Sesame Semiconductor's Huashan II A1000 chip in Q3. Baidu's systems now support 134 models across 31 brands, totaling over 7 million vehicles. The launch of the Baidu Apollo Self Driving Openness White Paper introduces four key capabilities aimed at enhancing collaboration with car manufacturers. These measures will streamline the integration of intelligent driving in vehicles, helping establish a new car-manufacturing supply chain.
36Kr Holdings Inc. (NASDAQ: KRKR) announced the adoption of AIGC technology to enhance its content ecosystem. This transition is expected to significantly boost content production efficiency and reduce costs, with the text-to-image function promising to cut image generation costs dramatically. The technology will facilitate faster text creation and translation, saving on editing resources. Additionally, the 36Kr Enterprise Service Review Platform has seen a more than 90% improvement in user interaction through AIGC integration. Furthermore, 36Kr has joined Baidu's (NASDAQ: BIDU) ERNIE Bot ecosystem, positioning itself as an industry leader in leveraging AIGC for content production.
Baidu, Inc. (NASDAQ: BIDU) announced on March 22, 2023 that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission. This report is available on the Company’s investor relations website. Shareholders and ADS holders can request a hard copy of the report containing audited consolidated financial statements at no cost. Additionally, Baidu published a Hong Kong Annual Report today, containing similar information, compliant with HKEx regulations.
Baidu has achieved a significant milestone by becoming the first company globally to receive a permit for fully driverless robotaxi services in Beijing. This permits Baidu to deploy a fleet of 10 autonomous vehicles in the Yizhuang Economic Development Zone. As the only operator providing fully driverless ride-hailing in multiple cities across China, including Wuhan and Chongqing, Baidu's Apollo Go service is experiencing rapid growth, delivering over 561,000 rides in Q4 2022 alone. The company holds over 4,600 patents in this field and aims to create the world's largest driverless ride-hailing area in 2023.
Baidu has launched ERNIE Bot, a new-generation large language model (LLM) aimed at enhancing generative AI capabilities. Unveiled on
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