The Q4 and full-year financial report for 2023 shows that Baidu Intelligent Cloud's total revenue for the fourth quarter reached 8.4 billion yuan, with large models contributing approximately 660 million yuan in incremental revenue to the cloud business. It is estimated that by 2024, this incremental revenue could reach several billion yuan. Baidu has recently launched two MaaS products, Qianfan AppBuilder and Qianfan ModelBuilder. The daily call volume of the Wenxin large model has exceeded 50 million times, with a quarter-on-quarter growth of 190%. Hu Qimu believes that Baidu's AI business is the main driver of performance growth, but the deep integration of AI with manufacturing is still in its infancy, and Baidu needs to cooperate with manufacturing enterprises.