In the fourth quarter of 2023, Baidu's financial report indicated a total revenue of 134.598 billion yuan, a net profit of 28.7 billion yuan, and a slightly slower growth rate than market expectations. Despite slow progress in the AI field and poor stock performance, Baidu still holds a significant position in the domestic market. The company is actively promoting its Wenxin large model to become a new growth point, collaborating with Samsung, Honor, and others, and the PaddlePaddle community has achieved remarkable results. However, iQIYI's business performance has been mediocre, with limited revenue growth and a decline in the number of subscription members. Robin Li, founder of Baidu, stated that the company will continue to invest in generative AI and foundational models, striving to create new growth engines.