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Robin Li Foresees Deepseek to Speed up Foundation Model Adoption, Committed to Ernie's Performance Boost & Cost Cut
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BIDU-SW (09888.HK) (BIDU.US) revealed in its earnings call that Baidu AI Cloud's AI-related revenue grew nearly threefold YoY in 2024. Driven by AI, Baidu AI Cloud's business saw robust growth in 4Q24, with quarterly operating revenue soaring by 26% YoY. Currently, Baidu AI Cloud boasts the largest foundation model industry deployment scale in mainland China, providing AI services to over 60% of central enterprises and numerous private-owned enterprises. Regarding the AI rising star Deepseek and how Baidu will maintain its leading position in the market, Baidu Chairman Robin Li said that the market is still in its early stages, and the industry's rapid development is bound to speed up the adoption rate of foundation models. In the future, Baidu will expedite Ernie's performance enhancement and cost reduction. AAStocks Financial News |
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