Baidu is a multinational technology company specializing in services related to the internet and artificial intelligence. It was founded in 2000 by Robin Li and Eric Xu and is headquartered in Beijing, China. The company recently said it plans to roll out its artificial intelligence chatbot Ernie to its search services starting in March.
Baidu is best known for its search engine, which is the most popular in China and is similar to Google. It also provides a variety of other online services including maps, music, videos and cloud storage. In recent years, Baidu has invested heavily in intelligence research and development artificial intelligence (AI), with a focus on applications in areas such as autonomous driving, health and language processing Natural.
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Robin Li, CEO of Baidu, said Ernie Bot will be integrated into all of the platform's operations, including its search and cloud services. Baidu also plans to integrate Ernie into its smart car and smart speaker operating system. “AI technology has reached a tipping point, and all industries will inevitably undergo transformation,” Li said in the memo.
Baidu is one of the largest technology companies in the world, with a market capitalization of over US$80 billion. The company also announced a $5 billion share buyback last week. In addition, the company reported revenue of 33.1 billion yuan (4.8 billion US dollars) in the quarter ended in December, almost equal to the same period in 2021.
Most of Baidu's revenue comes from its online marketing services, which generated about 18.1 billion yuan ($2.62 billion) in sales last quarter. Its Apollo Go autonomous ride-hailing services provided 561,000 rides in the fourth quarter, up 162% year-over-year.
Baidu faces stiff competition from other Chinese tech giants like Alibaba and Tencent, as well as global players like Google and Amazon.
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