Baidu's total revenue for the full year of 2023 reached 134.598 billion yuan, with a net profit of 28.7 billion yuan, a year-on-year increase of 39%. In the fourth quarter of 2023, Baidu's total revenue amounted to 35 billion yuan, and under the non-GAAP, the net profit was 7.1 billion yuan. Robin Li, founder of Baidu, stated that the company has made significant progress in AI and product services, and will continue to increase investment in generative AI and foundational models in the future.
Baidu's net profit surged 39% to 28.7 billion yuan in 2023! Li Yanhong: We will steadfastly invest in AI
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