Baidu's AI Platform Selected as Top Internet Innovation Case in China

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Nov 21, 2024
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The 2024 World Internet Conference in Wuzhen has recognized Baidu's AI platform, Wenxin, as one of the top ten innovative development cases in China's internet sector. This platform, praised for being easy to develop, distribute, and monetize, leverages the robust capabilities of the Wenxin model and Baidu's extensive ecosystem to help developers achieve a complete business cycle.

During the Baidu World 2024 event, Baidu's founder, Robin Li, highlighted that intelligent applications represent the most mainstream form of AI applications and are on the brink of significant growth. Li emphasized that Baidu's goal is not to create a singular super app but to empower individuals and businesses to develop millions of highly useful applications, thereby enhancing AI application capabilities across industries.

As of November 2024, the Wenxin platform has attracted 150,000 enterprises and 800,000 developers. More than 100,000 intelligent applications have integrated commercial components, marking a 395% increase in revenue-generating applications since July. The highest single conversion revenue for an individual intelligent application has reached 100,000 yuan.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.