Baidu's stock price has fallen sharply recently, causing market concerns about the development prospects of its AI business. As a leading domestic technology company, Baidu has invested heavily in the field of AI and launched Wenxinyiyan, which is similar to ChatGPT. However, it faces fierce competition from giants such as Alibaba and Tencent, as well as the challenge of weak growth in its own advertising revenue. Industry insiders generally believe that 2024 will be a critical year for Baidu, and whether it can successfully transform and improve profitability will determine its future development.
Baidu's stock price fell sharply by nearly 30%, and the company faced a test of its AI business development prospects. Baidu launched Wenxinyiyan AI service similar to ChatGPT, which has a large user base, but faces competition from competing products such as Alibaba and Tencent. The investment bank report pointed out that Baidu will usher in a "make-or-break year" in 2024 and needs to increase advertising revenue by improving AI applications and user traffic. However, due to increased investment pressure, the market is generally worried about Baidu's future performance. Analysts at JPMorgan Chase expect Baidu's fourth-quarter results to be in line with market expectations, but will be affected by sluggish online advertising revenue and investment in AI infrastructure.Baidu needs to actively respond to challenges in the future, strengthen AI technology research and development, improve product competitiveness, and explore new profit models in order to gain a firm foothold in the fierce market competition. There are still uncertainties in future development, and we need to continue to pay attention to its performance and market changes.