Baidu's financial report for the fourth quarter of 2023 showed that both revenue and core business income achieved year-on-year growth, but the stock price fell and profits declined slightly. Baidu CEO Robin Li emphasized the importance of multi-modal large models in general artificial intelligence and pointed out that large language models are still in the early stages of development and Baidu will continue to improve its technology through an application-driven approach.
In the fourth quarter of 2023, Baidu's revenue increased by 6% year-on-year to 34.95 billion yuan, and core business revenue was 27.5 billion yuan, a year-on-year increase of 7%. Baidu's share price fell 2.1%, and overall profits declined. Robin Li said that multi-modal large models are an important part of general artificial intelligence. Although large language models are still in the preliminary development stage, they will be continuously improved through an application-driven approach.
Baidu demonstrated its continued investment in the field of artificial intelligence and its confidence in future development in its financial report. Although profits have fluctuated in the short term, in the long term, the application and development of artificial intelligence technology remains the core direction of Baidu's strategy. It is worth paying attention to how Baidu can further improve profitability and maintain its leading position in the competition of large models in the future.