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DeepSeek concept stocks in Hong Kong saw a strong performance today, with most stocks rising sharply. As of press time, Baidu Group-SW is up 9.18%, Kingsoft Cloud is up 5.03%, and Alibaba-W is up 4.58%. This rally is driven by both the catalyst of Baidu's Ernie model technology iteration and the surge in computing power demand triggered by Tencent's accelerated layout of large models. Coupled with the resonance of policy and market sentiment, the heat in the technology sector continues to rise. Baidu's major model technology breakthrough On March 16th, Baidu officially released Ernie 4.5 and Ernie model

Baidu recently launched its latest Ernie 4.5 and Ernie X1 large models, both available for free trial on the Ernie Bot official website. Ernie 4.5, Baidu's first native multimodal large model, excels in multimodal understanding and logical reasoning, outperforming GPT-4.5 in various benchmark tests. Its API price is only 1% of GPT-4.5's, attracting significant attention from developers and businesses. Ernie 4.5 demonstrates remarkable advancements in multimodal understanding, showcasing...

Baidu announced its financial report for the third quarter of 2024 yesterday, showing total revenue of 33.6 billion RMB, a 3% decrease compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion RMB, while the non-GAAP net profit was 5.9 billion RMB. During the subsequent earnings conference call, Baidu's senior management, including Chairman and CEO Li Yanhong, President of the Mobile Ecosystem Group Luo Rong, President of the Intelligent Cloud Group Shen Dou, and Acting CFO He Junjie, provided detailed insights on the highlights of the report.