Baidu Q4 conference call: In 2024, Baidu's Asia Vets-related revenue is expected to grow nearly 300%, and the Wenxin large model 4.5 will be open-sourced.
Baidu plans to open source the Wenxin large model 4.5 and provide the Wenxin Yiyan robot for free to accelerate the dissemination and application of AI technology. Baidu pointed out that DeepSeek has made us understand the need to open source the best models. The AI transformation has made Baidu Search achieve diversified content generation, with currently 22% of search results being AI-generated content, and it is expected to enhance profitability potential in the future. Baidu's AI cloud business has grown strongly, especially in the generative AI field, establishing extensive cooperation with multiple Industries, and it is expected to continue expanding by 2025. The self-driving service, Luobo Kuai Pao, has achieved 100% Self-Driving Cars Operation and plans to expand to international markets. At the same time, Baidu also plans to accelerate Share Buyback to reward Shareholders.
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Baidu, Inc. (BIDU) Q4 2024 Earnings Call Transcript Summary