Baidu Intelligent Cloud's total revenue in the fourth quarter reached 8.4 billion yuan, with large models contributing about 660 million yuan in incremental revenue. The daily usage of Wenxin large model exceeds 50 million times, with corporate usage increasing by 150%. The inference cost of Wenxin large model has been reduced to 1% of last year's version. Baidu invests in the integration of text, audio, and video, which is an important direction for the development of large models in the future. Hu Qimu believes that the performance growth brought by Baidu's AI business is the main driving force. Hu Qimu also believes that AI and manufacturing are still in the initial stage, and Baidu needs to collaborate with manufacturing enterprises.

Baidu Intelligent Cloud's total revenue in the fourth quarter reached 8.4 billion yuan, with large models generating approximately 660 million yuan in new revenue. Baidu has launched Qianfan AppBuilder and Qianfan ModelBuilder, the latter has fine-tuned 10,000 models.

Baidu's net profit increased by nearly 40% in 2023, with total revenue of 134.598 billion yuan and net profit of 28.7 billion yuan. In the fourth quarter, Baidu's net profit was 7.755 billion yuan, with core revenue of 103.465 billion yuan. The monthly active users of Baidu App reached 667 million, and Baidu Smart Cloud generated total revenue of 8.4 billion yuan in the fourth quarter. Large models contributed approximately 660 million in incremental revenue for cloud business. The inference cost of the Wenxin large model has been reduced to 1% of the version from last March, with daily invocation exceeding 50 million times and total applications surpassing 50 million times on the AI chip.

Baidu Intelligent Cloud's total revenue in the fourth quarter was 8.4 billion yuan, with large models contributing about 660 million yuan in incremental revenue to the cloud business.