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.

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.

During the 2024 World Internet Conference in Wuzhen, Alibaba Group CEO Wu Yongming delivered a keynote speech at the Internet Entrepreneurs Forum on November 21, emphasizing the profound impact of artificial intelligence (AI) on the internet industry. He pointed out that the biggest change in the internet industry this year is still the rapid development of AI technology. Wu Yongming stated that the greatest value of AI is not merely the development of one or two super apps on mobile phones, but in driving productivity transformation across various industries. The development of AI requires a prosperous ecosystem of technology, products, and market.

Kuaishou Technology announced in its third-quarter earnings report for 2024 that the company's revenue reached 31.13 billion RMB, a year-on-year increase of 11.4%, exceeding market expectations of 31.03 billion RMB. The adjusted net profit was 3.9 billion RMB, an increase of 24.4% year-on-year, demonstrating the company's strong growth momentum. In the earnings conference call, Kuaishou Technology's founder and CEO Cheng Yixiao shared the company's latest developments in the field of artificial intelligence large models.

The Aliyun Bailing platform recently announced the launch of the Qwen2.5-Turbo million long text model, developed by the Tongyi Qianwen team. The Qwen2.5-Turbo model supports processing ultra-long contexts of up to 1 million tokens, equivalent to 1 million English words or 1.5 million Chinese characters.

The Intelligent Computing Laboratory under Alibaba Group has recently launched an AI assistant tool called SmartVscode in the Visual Studio Code extension market. This tool utilizes the lab's self-developed application intelligent control framework, App-Controller, to enable direct natural language control of VS Code.

Zhou Hongyi, the founder of 360, recently announced that the company plans to launch a brand new search product this month, which will further expand 360's footprint in the field of artificial intelligence applications. Zhou pointed out that 360 AI Search, as one of the largest native AI applications in China, has proven that search is a direct and simple way for users to access and use AI technology. Based on this successful experience, the 360 team is committed to innovating on the existing foundation to create a more accessible and user-friendly AI tool.

According to Tech Planet, Douyin has announced the launch of a new feature called the 'V Project,' aimed at expanding the boundaries of live streaming and interaction. Douyin states that 'V' represents infinite possibilities, symbolizing exploration, innovation, and breakthroughs. Through this project, Douyin hopes to provide users with a more interesting and enriched interactive experience. The core highlight of the 'V Project' is the AI Avatar feature. This feature allows creators to generate a virtual avatar that mirrors their personality and thoughts, enabling continuous interaction with users for 24 hours.

On November 15, Alibaba Tongyi Lab launched the Code Mode, a feature that enables users to generate various applications through simple everyday language instructions, including mini games, data charts, websites, and resumes. Users can experience this new interactive method by visiting the Tongyi web version (tongyi.ai) and clicking on 'Code Mode' in the input box.

Baidu's Chief Technology Officer Wang Haifeng announced at the 'Baidu World 2024' conference that the user base of Wenxin Yiyan has reached 430 million. Since its launch on March 16 last year, Baidu's Wenxin large model has undergone continuous upgrades, with technologies such as knowledge enhancement, retrieval enhancement, and intelligent agents continually evolving. Wang Haifeng detailed the latest technological advancements and applications of the Wenxin large model, including retrieval-enhanced text-to-image technology, the no-code product Miaoda, and Wenxin Fast Code, among others.

The Tongyi Qianwen team recently announced the open sourcing of their latest Qwen2.5-Coder full series, aimed at promoting the development of Open Code LLMs. Qwen2.5-Coder has garnered attention for its power, diversity, and practicality. The Qwen2.5-Coder-32B-Instruct model has achieved SOTA levels in coding capabilities, comparable to GPT-4o, demonstrating comprehensive abilities.

Baidu AI's Wenxin Yiyuan AI painting technology has received a major upgrade, now supporting one-click generation of images in multiple aspect ratios, greatly simplifying the image preparation process for new media. The professional version of Wenxin Yiyuan AI painting technology allows users to input the desired image aspect ratio, and the system can automatically generate images in multiple sizes, covering various needs within a width-to-height ratio of 2:1. For example, simply adding the aspect ratio term '3:4' to the prompt will prompt the system to generate images of the corresponding size. This technology not only improves work efficiency but also enhances visual effects, significantly benefiting new media.

Former Pebble CEO and co-founder Gabor Cselle recently announced his joining of OpenAI to participate in a yet-to-be-revealed mysterious project. This news was confirmed through his official post on the X platform (formerly Twitter). According to LinkedIn, Cselle officially started at OpenAI in October this year. He mentioned on social media: "I am currently learning a lot of new things and will share more details about my work projects later." As a serial entrepreneur, Cs

Tongyi AI, a subsidiary of Alibaba, publicly clarified recent marketing investment data for AI products that was circulated online. Previously, it was reported that multiple AI products had advertising expenditures reaching the hundred million level in the third quarter, which attracted significant attention, particularly regarding specific figures related to Tongyi Qianwen. According to Tongyi AI's official response, the rumored figures of 4.5 million investment for Tongyi Qianwen in Q3 and 900,000 in the first 20 days of October are severely inconsistent with the actual situation. The official statement clearly indicated that the actual investment is far lower than the rumored figures, but did not disclose the real investment amount.