Baidu's second-quarter financial report showed that total revenue of 33.9 billion yuan was roughly flat year-on-year. The AI Cloud business offset the weakness in online marketing revenue, bringing a small positive growth to Baidu's core revenue.

This week Hong Kong stocks will usher in a super week of earnings reports, with a number of popular tech companies such as Crypto, Xiaomi and Baidu releasing their earnings reports.

Baidu closed at HKD 94.75 on Wednesday, up nearly 10%, marking its largest increase in over a year.

In Baidu's Q4 2023 earnings call, Baidu's founder, chairman, and CEO Robin Li revealed that Baidu Intelligent Cloud's total revenue for the fourth quarter was 8.4 billion yuan, with large models contributing approximately 660 million yuan in incremental revenue to the cloud business.

In Q1 2024, Baidu's core operating margins achieved double year-on-year and quarter-on-quarter growth, with its AI-first strategy driving high-quality growth.

Qu Jing, vice president of Baidu PR, recently opened an account in Tiktok and released several videos related to the workplace. In these videos, Qu Jing repeatedly revealed astonishing quotes, which caused a lot of controversy.

On April 16th, at the Create 2024 Baidu AI Developer Conference, Baidu's founder, chairman and CEO Robin Li said, "In the future, developing an app will be as easy as taking a short video, everyone can be a developer."

Recently, Ali, Baidu, 360 and other Internet giants have officially announced to upgrade the long text processing function of their AI products, and the fuse comes from the explosion of intelligent assistant Kimi.。