Baidu's financial report for the fourth quarter of 2023 shows that although revenue and net profit are considerable, the growth rate is lower than market expectations. Although Baidu has made some progress in its layout in the AI field, especially the promotion of Wenxin large models and cooperation with other manufacturers, its stock price performance is not ideal. The mediocre business of iQiyi has also cast a shadow on Baidu’s overall performance. Robin Li emphasized that the company will continue to invest in generative AI and basic models in an effort to open up new growth points, but this will take time and sustained efforts to verify its effectiveness.
In the fourth quarter of 2023, Baidu's financial report showed total revenue of 134.598 billion yuan and net profit of 28.7 billion yuan, and the growth rate was slightly slower than market expectations. Although Baidu has made slow progress in the field of AI and its stock price has performed poorly, it still has a place in the country. Baidu has worked hard to promote the Wenxin model to become a new growth point for the company. It has cooperated with Samsung, Honor, etc., and the Feipiao community has also achieved good results. However, iQiyi's business performance was mediocre, with limited revenue growth and declining subscription membership. Baidu founder Robin Li said that the company will continue to invest in generative AI and basic models and strive to create new growth engines.
Baidu faces multiple challenges such as fierce competition in the AI field and weak business growth. In the future, whether Baidu can successfully transform AI technology into commercial value and achieve sustainable growth will be a key issue it faces. It is crucial to continue to pay attention to its innovation and strategic adjustments in the field of AI.