BIDU-SW (09888.HK)  -0.700 (-0.877%)    Short selling $36.18M; Ratio 37.603%   (BIDU.US)      Co-founder and CEO Robin Li said on the company's 4Q23 and full-year 2023 earnings call that there are enough chips to make further upgrades to Ernie Bot, its AI Large Language Model (LLM).

BIDU has recently begun to generate incremental revenue from Ernie Bot, and Li believed that sales revenue of the LLM will increase to billions of RMB by 2024, primarily from advertising and AI cloud business.

Related NewsCiti Ratings, TPs on CN Dotcoms (Table)
Li highlighted that Baidu AI Cloud had a total operating revenue of RMB8.4 billion in the last quarter, of which foundation models brought about RMB660 million of incremental revenue to the cloud business.

Li revealed that the daily usage volume of Ernie foundation model in 4Q23 exceeded 50 million times, a 190% QoQ growth. In December last year, about 26,000 enterprises used Ernie foundation model through APIs, a 1.5x increase QoQ.

BIDU's AI chatbots are currently used by about 4,000 businesses in the medical, education, travel, legal, B2B and automotive sectors. Well-known companies such as Samsung, Honor and AUTOHOME-S (02518.HK)  0.000 (0.000%)   all partnered with BIDU.

Related NewsM Stanley Ratings, TPs on CN Dotcoms (Table)
In terms of cost, Li said that Ernie foundation model has become the most powerful and efficient foundation model. With BIDU's unique four-layer AI technology architecture, the model's average weekly training efficiency exceeds 98%, and the effective bandwidth of the training GPU reaches 95%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-09 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)