In the era of rapid AI technology advancement, the commercialization of large models has become a focal point of industry competition. As a leading enterprise in the AI field, Baidu's Wenxin large model has exceeded 600 million daily calls, achieving an astonishing tenfold growth within just six months. This milestone not only highlights Baidu's profound accumulation in AI technology but also signals that AI is becoming a powerful accelerator for Baidu and the entire industry.
Baidu's recent performance report is nothing short of excellent. In the second quarter of 2024, Baidu's total revenue reached 33.9 billion yuan, with core revenue of 26.7 billion yuan and operating profit of 5.6 billion yuan, a 23% year-on-year increase, significantly exceeding market expectations. Such results are sure to make competitors envious.
Robin Li, founder of Baidu, confidently stated that generative AI and foundational models are quietly changing the world. Leveraging its full-stack AI technology and the rapid adoption of the Wenxin large model, Baidu is providing solutions across various industries, creating significant value.
The user base of Wenxin Yiyan has surpassed 300 million, processing over 1 trillion tokens daily. This means that nearly every Chinese person is using Baidu's AI technology directly or indirectly.
Baidu's pricing strategy is a masterstroke, allowing small and medium-sized enterprises to experience the benefits of AI technology. The free opening of the ERNIE series models and the significant price reduction of the flagship models enable more businesses to enjoy the convenience brought by AI. This is not just a business strategy but also a testament to Baidu's commitment to AI普及化.
Baidu's cloud business is also thriving with the support of AI, with revenue reaching 5.1 billion yuan in the second quarter, a 14% year-on-year increase. The Qianfan platform, as an enterprise-level large model platform, is providing strong support for public services and the medical industry.
AI technology not only drives the growth of the cloud business but also profoundly changes Baidu's core search and advertising businesses. Currently, 18% of search results are generated by AI, indicating that Baidu's search service is becoming smarter and more accurate.
Baidu's AI ecosystem is also continuously expanding. From Baidu Wenku to AI programming tools like Wenxin Kuaima, Baidu is extending the reach of AI into various fields, offering hundreds of multi-modal AI functions. These tools are evolving from simple content tools to powerful productivity tools.
Investment institutions generally have a positive outlook on Baidu's future. Citibank, JPMorgan, and Tianfeng Securities believe that Baidu's in-depth work in the AI field will drive accelerated growth in its cloud computing and search businesses.
Baidu's success is not just a victory for one company but also injects strong confidence into the entire AI industry. In this marathon of AI commercialization, Baidu has taken the lead. In the future, whoever can build their core competitiveness in the AI field will be the one to succeed in this competition. Let's wait and see how Baidu continues to write its AI legend!