Baidu announced today its financial report for the third quarter of 2024. The data shows that the company's total revenue reached 33.6 billion yuan in the three months ending September 30, a decrease of 3% compared to the same period last year. In terms of net profit, Baidu's net profit attributable to the company was 7.6 billion yuan, while the net profit calculated according to non-GAAP was 5.9 billion yuan.

On October 30, Mianbi Intelligence announced a strategic partnership with Baidu Intelligent Cloud, aiming to jointly develop collaborative solutions for large models. According to the partnership agreement, the two parties will leverage Baidu Intelligent Cloud's Qianfan Large Model Platform, Wenxin series large models, as well as Mianbi's MiniCPM series edge large models and cutting-edge technology accumulation across multiple terminals and different scenarios, to collaboratively develop and promote edge-cloud collaborative technology solutions that further enhance the performance of large models in practical applications such as embodied intelligence, smart terminals, and edge computing, while reducing the inference costs of large models.

Recently, Baido Intelligent Cloud officially launched the Visual Large Model Platform v4.5. This upgrade not only brings revolutionary changes to the industrial sector but also provides efficient visual intelligence solutions in various fields such as safety production, restaurant chain management, and factory workshop operations. The upgrade of the Baido Intelligent Cloud Visual Large Model Platform is based on breakthroughs in large model technology, addressing 95% of visual-related demands that were unmet in the era of small models. In scenarios such as mining, restaurant chains, and factory workshops, AI video analysis has been utilized to achieve safety management.

At the Baidu Cloud Smart Conference held on September 25, 2024, Baidu Intelligent Cloud announced a series of significant upgrades for enterprise AI applications, aimed at helping businesses utilize large models more efficiently and economically. These upgrades include version 4.0 of the Baijie AI Heterogeneous Computing Platform and version 3.0 of the Qianfan Large Model Platform, as well as a comprehensive update of AI native application products such as the Code Assistant, Intelligent Customer Service, and Digital Humans.

At the Baidu Cloud Intelligence Conference held today, Tang Jiayu, co-founder and CEO of Shengshu Technology, announced that Vidu, the first domestic video large model, officially opens its API and integrates with Baidu Intelligent Cloud's Qianfan Large Model Platform, becoming the first video large model on this platform. Vidu's self-developed video generation technology boasts advantages such as high dynamism, diverse styles, and exceptional reasoning. It has also launched the 'Subject Reference' feature globally, effectively solving the problem of consistent video model generation. Since its launch at the end of July, Vidu has received thousands of enterprise user integrations.

Recently, Baidu Intelligent Cloud's Qianfan Large Model Platform and three other AI native applications — Xiling, Keyue, and Zhenzhi — successfully passed the ISO/IEC 42001 standard certification for Artificial Intelligence Management Systems and were awarded the world's first certification for large model platform application systems. This certification indicates that Baidu's products and management systems have reached an internationally leading level in quality, safety, and compliance.

Baidu Intelligent Cloud showcased its latest advancements in the traffic big model sector at the 2024 China International Big Data Industry Expo. By integrating with Baidu's traffic big data, it significantly enhanced the efficiency of omni-directional signal control, improving traffic flow by 20-30%. In the pilot project in Guiyang's Guanshanhu District, the application of AI signal control technology led to a 15% reduction in average weekday vehicle delay. This system integrates internet and local traffic police data to predict traffic flow distribution within 5 minutes and dynamically adjusts traffic light durations to optimize green light utilization.

In 2023, China's AI public cloud service market showed strong growth, reaching a scale of 12.61 billion yuan, a year-on-year increase of 58.2%. Large models play a key role in driving innovation in generative AI applications and the implementation of traditional AI applications. Baidu Intelligent Cloud and Alibaba Cloud rank first in the market, with Tencent Cloud following closely behind, and Huawei Cloud in third place, indicating fierce market competition. The report pays special attention to market services such as computer vision, conversational AI, and intelligent voice, in which Tencent Cloud, Baidu Intelligent Cloud, and Alibaba Cloud dominate. In addition, natural language...

Baidu's Q2 2024 financial report shows total revenue of 33.9 billion RMB, with net profit between 5.5 billion and 7.4 billion RMB, performing better under non-GAAP standards. During the earnings call, Robin Li emphasized that competition in the AI field will be fierce and profitability will be key to survival. Baidu has invested in AI for many years, demonstrating its leading position, especially in the application of large models, with the Wenxin large model averaging over 600 million calls per day. The Intelligent Cloud business grew 14% year-on-year, benefiting from the increased demand for generative AI and large language models. The search business is accelerating its upgrade through the Wenxin large model.

Baidu Intelligent Cloud's Qianfan Platform has recently announced its support for customized fine-tuning services for the flagship large model ERNIE 4.0 Turbo. Enterprise clients can apply for this service through the Baidu Intelligent Cloud official website to meet their specific business needs and data characteristics, thereby training a large model that is more suitable for their business and significantly improving the effectiveness of business applications.

In 2023, the market size for large model platforms and related applications in China reached 1.765 billion RMB, with the market still in an early stage of investment and observation. Baidu Intelligent Cloud ranked first with a market share of 19.9%, followed closely by SenseTime, while ZhiPu AI stood out as a leading startup in third place. Lu Yanxia, IDC's Research Director in China, pointed out that the market will undergo several rounds of dramatic changes in the next 2-3 years, and continuous investment in foundational large model research and enhancing base model capabilities is key for companies to maintain their competitiveness. Emerging fields such as multimodal large models and scientific computing are also on the rise.

Baidu Intelligent Cloud and Shengshu Technology have officially launched the video model Vidu, bringing new possibilities to the creative field. Vidu is the first fully self-researched video model in China, with performance fully comparable to OpenAI's Sora. It is aimed at creative fields such as art design, game production, film and animation, and social entertainment, and is dedicated to stimulating the productivity and creativity of all humanity.

On July 10th, Baidu's share price in the Hong Kong stock market started strong, with a significant increase after the opening. According to the latest reports, Baidu's share price surged by over 11%, reaching a high of 95 Hong Kong dollars. At the same time, Baidu's performance in the US stock market was also robust, with its share price rising by 8.47% at the close, ending at 95.4 US dollars.Behind this rise in share price, a series of positive news has been supporting it. Baidu's Intelligent C

Baidu Intelligent Cloud Qianfan announces the launch of a large model universal plan, allowing users to switch to the country's top large model platform at zero cost. Starting immediately, new registered enterprise users will receive: free access to the Wenxin flagship model for the first time, a 50 million Token package for the ERNIE 3.5 flagship model, and continuous free access to the main models ERNIE Speed, ERNIE Lite, and the lightweight model ERNIE Tiny.

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 Intelligent Cloud Qianfan Model Platform has been upgraded again, launching the Qianfan SDK, which is fully open source and available for free download and use. This SDK provides a series of functions from dataset management, model training, model evaluation to service deployment, allowing users to integrate it through code.

Wuxi City Operation Center and the Municipal Big Data Group have signed a cooperation agreement with Baidu Intelligent Cloud. The collaboration aims to build a city-level governance large model to promote the digital transformation of governance. Wuxi becomes the first city to develop an intelligent cloud government product system based on a city-level large model. This partnership will enhance the complexity of knowledge Q&A in the government sector, improve search accuracy, and ensure security. The cooperation aims to improve government governance efficiency and promote smart city construction.