Baidu Performance Release! Artificial Intelligence Accelerates Transformation, AI New Business Breaks CNY100 Billion

Baidu's latest financial report shows that the company's total revenue reached CNY327 billion, with net profit attributable to Baidu's core business reaching CNY74 billion, a year-on-year growth of 35%, exceeding market expectations. The AI new business income, which includes intelligent cloud services, broke through the CNY100 billion threshold for the first time, with a year-on-year growth of 34%, demonstrating strong growth momentum.

Although Baidu's overall revenue decreased by 4% in the second quarter, advertising revenue fell by 15%, but intelligent cloud business income defied expectations and grew by 27%, highlighting the core role of AI technology in driving the company's business transformation. Through deep empowerment with AI technology, Baidu achieved cost reduction and efficiency improvement, with research and development expenses decreasing by 13%, demonstrating the value and long-term development potential of AI commercial applications.

Currently, AI technology is accelerating the intelligent transformation of the internet industry, with leading companies scrambling to layout their plans to seize the initiative. The Hengsheng Internet ETF (513330), which focuses on Baidu and other leading internet companies, has the potential to continue benefiting from the growth dividend released by AI transformation.

Daily Economic News