Baidu's fourth quarter financial report for 2023 shows that its smart cloud business has grown strongly, reaching 8.4 billion yuan. Large model technology has become the core driving force, contributing approximately RMB 660 million in new revenue and playing a key role in cloud revenue growth. Baidu has also launched two MaaS products - Qianfan AppBuilder and Qianfan ModelBuilder, the latter of which has optimized 10,000 models, demonstrating Baidu's technical strength and market layout in large model applications. This shows that large model technology has moved from concept to practical application and has begun to bring considerable economic benefits to enterprises.
Baidu announced at the fourth quarter 2023 earnings call that its smart cloud business revenue reached 8.4 billion yuan, of which large models were the key driving force, contributing approximately 660 million yuan in new revenue. In addition, Baidu has also launched two MaaS products, Qianfan AppBuilder and Qianfan ModelBuilder, of which Qianfan ModelBuilder has optimized 10,000 models. Robin Li said that large models brought about 660 million yuan in incremental revenue to Baidu's cloud business in the fourth quarter of last year, playing a key role in cloud revenue growth.Baidu's financial report data reflects the huge potential and commercial value of large model technology in practical applications. It also indicates that AI technology will further empower all walks of life and promote the development of the digital economy in the future. Baidu's active exploration and technological innovation deserve attention, and its layout in the MaaS field also provides a reference for other companies.