BaiduRecently released the fourth quarter and full year 2023 earnings report, in which the full year revenue and profit exceeded market expectations. According to the earnings report, Baidu's full-year revenue reached as high as 134.598 billion yuan, and non-GAAP net profit reached 28.7 billion yuan, a year-on-year growth rate of 39%. this significant growth was mainly due to theAI technologyThe strong driving force behind the
Robin Li, Baidu's founder, chairman and CEO, expressed satisfaction with the company's performance in 2023. In particular, he mentioned that Baidu is iterating Wenxinlarge modeltogether within a word, reconfiguration of products and services, and commercialization made significant progress. In addition, the solid and healthy development of Baidu's core businesses contributed to the growth of the overall results.
Robin Li also emphasized Baidu's commitment to generativeAIand the underlying models are firmly invested. He said these technologies will be the cornerstone of the company's new growth engine and will continue to drive Baidu's innovation and development in AI.
Luo Rong, Baidu's CFO, echoed this sentiment and mentioned that Baidu will continue to improve operational efficiency in 2024 in order to achieve high-quality growth. This shows that Baidu not only values short-term financial performance, but is also committed to long-term development, especially the in-depth research and application of AI technology.
Overall, Baidu's continued investment and outstanding performance in AI has enabled it to stand out in the highly competitive tech market and lay a solid foundation for future growth.
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