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China's Baidu posts rise in Q1 revenue as seeks to grow AI presence
China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

Time of India

time21-05-2025

  • Business
  • Time of India

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

Chinese internet giant Baidu on Wednesday posted a quarterly revenue increase of 3%, as the firm seeks to grow its presence in artificial intelligence and expand its robotaxi business abroad. The Beijing-based firm operates China's main search engine and has long been a key player in the domestic tech industry -- but faces stiff competition both from traditional rivals like Tencent and Alibaba and a host of newer upstarts. Baidu derives a large part of its revenue from advertising, a sector vulnerable to fluctuations in consumer sentiment, and has sought to diversify with cloud computing, self-driving cars and AI. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gain expertise in Deep Learning & NLP with AI & ML BITS Pilani WILP Apply Now Undo The firm achieved revenue of 32.45 billion yuan ($4.5 billion) in the first quarter of 2025, up 3 percent year-on-year, according to an earnings report released Wednesday on the Hong Kong Stock Exchange website. Net income during the first quarter reached 7.72 billion yuan, up 42 percent year-on-year. Live Events China's consumer-facing AI sector attracted global attention after startup DeepSeek released a model that performed comparably to competitors such as US-made ChatGPT, apparently at a much lower developing cost. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories In March, Baidu announced the launch of its latest X1 reasoning model -- which the company claims performs similarly to DeepSeek's but for a lower cost -- and a new foundation model, Ernie 4.5. Baidu has also axed subscriptions for its AI chatbot Ernie Bot , making it free for individual users. "We are confident that our AI-first strategy positions us to remain at the forefront and to capture long-term growth opportunities in the AI era," said Robin Li, co-founder and CEO of Baidu, in the filing. "We also achieved a pivotal milestone in our robotaxi business, as Apollo Go expanded internationally," Li added. In March Baidu announced it had signed an agreement to launch autonomous driving tests and services in Dubai, Apollo Go's first international fleet deployment. The company also plans to start testing self-driving taxis in Europe by the end of this year, a source with knowledge of the matter confirmed to AFP earlier this month. The company will also start testing in Turkey, they said.

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence
China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

France 24

time21-05-2025

  • Business
  • France 24

China's Baidu posts rise in Q1 revenue as seeks to grow AI presence

The Beijing-based firm operates China's main search engine and has long been a key player in the domestic tech industry -- but faces stiff competition both from traditional rivals like Tencent and Alibaba and a host of newer upstarts. Baidu derives a large part of its revenue from advertising, a sector vulnerable to fluctuations in consumer sentiment, and has sought to diversify with cloud computing, self-driving cars and AI. The firm achieved revenue of 32.45 billion yuan ($4.5 billion) in the first quarter of 2025, up 3 percent year-on-year, according to an earnings report released Wednesday on the Hong Kong Stock Exchange website. Net income during the first quarter reached 7.72 billion yuan, up 42 percent year-on-year. China's consumer-facing AI sector attracted global attention after startup DeepSeek released a model that performed comparably to competitors such as US-made ChatGPT, apparently at a much lower developing cost. In March, Baidu announced the launch of its latest X1 reasoning model -- which the company claims performs similarly to DeepSeek's but for a lower cost -- and a new foundation model, Ernie 4.5. Baidu has also axed subscriptions for its AI chatbot Ernie Bot, making it free for individual users. "We are confident that our AI-first strategy positions us to remain at the forefront and to capture long-term growth opportunities in the AI era," said Robin Li, co-founder and CEO of Baidu, in the filing. "We also achieved a pivotal milestone in our robotaxi business, as Apollo Go expanded internationally," Li added. In March Baidu announced it had signed an agreement to launch autonomous driving tests and services in Dubai, Apollo Go's first international fleet deployment. The company also plans to start testing self-driving taxis in Europe by the end of this year, a source with knowledge of the matter confirmed to AFP earlier this month. The company will also start testing in Turkey, they said.

Applied Generative AI Course Launched by Interview Kickstart - 2025 Best GenAI Course With Agentic AI Projects For Top AI Jobs at Google Meta Netflix Microsoft OpenAI Nvidia
Applied Generative AI Course Launched by Interview Kickstart - 2025 Best GenAI Course With Agentic AI Projects For Top AI Jobs at Google Meta Netflix Microsoft OpenAI Nvidia

Yahoo

time17-04-2025

  • Business
  • Yahoo

Applied Generative AI Course Launched by Interview Kickstart - 2025 Best GenAI Course With Agentic AI Projects For Top AI Jobs at Google Meta Netflix Microsoft OpenAI Nvidia

Santa Clara, April 17, 2025 (GLOBE NEWSWIRE) -- Santa Clara, California - Following the recent announcement that Chinese technology giant Baidu has released two new artificial intelligence models, Interview Kickstart has highlighted the timely update of its Applied GenAI course designed to prepare tech professionals for the rapidly evolving AI landscape. To learn more visit: Baidu's release of its multimodal foundational model Ernie 4.5 and multimodal reasoning model Ernie X1 marks another significant milestone in the global AI race. The company claims these models outperform competitors like DeepSeek and OpenAI on several benchmark platforms including CCBench and OCRBench. This development comes amid intensifying competition in China's AI market, where DeepSeek, Alibaba, Tencent, and ByteDance are all vying for dominance. "The continuous advancement of AI models like Baidu's Ernie 4.5 and Ernie X1 demonstrates why specialized AI knowledge has become essential for technology professionals across all sectors," said a spokesperson for Interview Kickstart. Interview Kickstart's updated Applied GenAI program addresses this market need through domain-specific learning pathways tailored for different technical roles. Software engineers can access specialized content relevant to backend, frontend, full stack, and test engineering positions. Technical product managers benefit from curriculum specifically designed for their role requirements, while machine learning engineers and data scientists can pursue an advanced generative AI path. The comprehensive curriculum covers critical technologies driving the current AI revolution, including deployment of large language models (LLMs), neural networks, AI engineering fundamentals, LangChain, Agentic AI, Retrieval-Augmented Generation (RAG), and other emerging generative AI frameworks—many of which underpin systems like Baidu's newly released models. "Baidu's announcement that Ernie 4.5 will become open source from June 30th reflects a broader industry trend toward open-source AI development," noted the Interview Kickstart spokesperson. "This shift, which Baidu CEO Robin Li acknowledged was influenced by DeepSeek's success with open-source models, will likely accelerate innovation and adoption—making it even more crucial for tech professionals to develop expertise in these technologies." The Applied GenAI course includes 60+ hours of live learning, providing participants with direct access to industry experts who can contextualize developments like Baidu's recent announcements. Additionally, 20+ hours of project-based learning and 10+ practical assignments ensure that participants gain hands-on experience implementing the technologies they study. As companies worldwide integrate increasingly sophisticated AI capabilities into their products and services, these practical skills are becoming differentiators in the job market. The pricing strategies employed by companies like Baidu and DeepSeek—with Baidu offering its Ernie X1 model at half the price of DeepSeek's comparable offering—highlight the business considerations that technical professionals must now understand when deploying AI solutions. "The competition between Baidu, DeepSeek, OpenAI, and others is driving rapid innovation in AI capabilities while simultaneously pushing prices down," explained the Interview Kickstart spokesperson. "This creates tremendous opportunities for professionals who understand not just how to implement these technologies, but how to strategically select and deploy them based on business requirements and cost considerations." Interview Kickstart's Applied GenAI program equips participants with this dual perspective, combining technical proficiency with strategic insight. As Baidu's founder notes the importance of broader adoption in the AI space, Interview Kickstart's course prepares professionals to lead this adoption within their organizations. For technology professionals looking to remain competitive in a landscape being reshaped by advancements like Baidu's new models, Interview Kickstart's Applied GenAI course offers a structured pathway to developing the expertise that employers increasingly demand. For more information visit: About Interview Kickstart Interview Kickstart provides live classes with over 100,000 hours of pre-recorded video lessons. This helps provide flexibility and in-depth learning options that enhance their chances of acing the tech interviews. Further, Interview Kickstart offers 1:1 sessions to its learners, focusing on personalized guidance, resume building, and LinkedIn profile optimization. With a 6-10 month support period, the learners benefit from mock interviews, ongoing mentorship, and industry-aligned projects. This holistic approach prepares them to tackle real-world challenges and secure roles in FAANG and top tech companies. ### For more information about Interview Kickstart, contact the company here:Interview KickstartBurhanuddin Pithawala+1 (209) 899-1463aiml@ Patrick Henry Dr Bldg 25, Santa Clara, CA 95054, United States CONTACT: Burhanuddin PithawalaSign in to access your portfolio

There's a key difference in how China and the US are integrating their latest AI models into consumer tech
There's a key difference in how China and the US are integrating their latest AI models into consumer tech

Yahoo

time11-04-2025

  • Business
  • Yahoo

There's a key difference in how China and the US are integrating their latest AI models into consumer tech

US firms like OpenAI often keep their most advanced AI models behind paywalls. Chinese tech giants have been giving models away and are quickly integrating them into services. Analysts explain the key difference in strategies between China and the US. Chinese tech giants are playing a different AI game. US AI companies — like OpenAI and Anthropic — usually keep their most powerful models locked behind paywalls for consumers or license them to enterprises. China's biggest players, in contrast, are handing theirs out for free — and rolling them out across everyday tech at breakneck speed, Ray Wang, a Washington-based analyst who specializes in AI and US-China tech statecraft, told Business Insider. Instead of trying to outbuild leading players like OpenAI, China is out-deploying AI and "undergoing consolidation" — in other words, embedding AI into everything, Wang said. That rapid integration could prove just as crucial as model quality in determining a country's overall competitiveness in AI, he said. While the US maintains "a limited lead in frontier AI models over China," China's aggressive push to embed AI into everyday tech could give it an edge in real-world adoption, Wang added. "China could have broader and faster — or on par with the US — AI integration in consumer devices and applications despite not having the most advanced LLM," Wang said, referring to large language models. In recent weeks, companies like Alibaba, Baidu, and Tencent have flooded the market with powerful AI models and upgrades. In late March, Alibaba announced a new AI model designed for developing cost-effective AI agents. That same month, DeepSeek unveiled an upgraded version of its open-source V3 large language model. Models like Alibaba's Qwen2.5-Omni-7B and DeepSeek's V3 are freely available for anyone to download, modify, and integrate. DeepSeek's latest models — especially the reasoning-focused R1 and R2 set to launch later this month or in May — mark a "significant inflection point," said Wei Sun, the principal analyst for AI at Counterpoint Research. "These models not only match the best-in-class performance globally, but are also open-sourced under the most permissive MIT License," she said. "That changes the game," she added. Amid high costs and chip shortages, Chinese firms are also prioritizing rapid AI deployment and consolidation to stay competitive, said Wang. Tencent has deployed its Hunyuan model and DeepSeek R1 across its massive ecosystem, including WeChat, he said. WeChat, China's biggest social media app, is used by nearly 1.4 billion people. Baidu has also integrated DeepSeek R1 into its search engine, Wang said. Baidu last month released two newer versions of its AI model — Ernie X1, a reasoning model, and Ernie 4.5, a revamped version of the company's foundational model. The tech giant said it will "progressively integrate" Ernie 4.5 and X1 into its product ecosystem, including Baidu Search, China's dominant search engine. "These developments underscore China's increasing emphasis on AI integration, application-driven innovation, and enterprise solutions rather than solely competing on model sophistication," Wang said. In contrast, the dominant trend in the US is to build advanced, closed-source AI models that require significant investment in computing power, said Wang. Big Tech firms like Microsoft, Amazon, Google, and Meta have spent billions on the infrastructure underpinning emerging AI tech. The four companies are expected to spend a collective $320 billion in capital expenditures this year to broaden their AI capabilities. Their flagship models — including OpenAI's GPT-4 and Google's Gemini — are typically closed-source and monetized through APIs or enterprise licensing. This restricts access and limits how widely developers can experiment or build on them. However, OpenAI's CEO, Sam Altman, said in January that the company needs to "figure out a different open source strategy." On April 10, Anthropic introduced a new $200-per-month subscription tier for its Claude chatbot — matching the premium pricing of rival OpenAI. Meta is an exception with its open-source Llama model series. But despite its open-source stance, Meta still takes a capital-heavy approach, Wang said. Meta's CEO, Mark Zuckerberg, has committed as much as $65 billion to AI projects this year. A report released on Monday by Stanford's Artificial Intelligence Index found that US private AI investment grew to $109.1 billion last year — nearly 12 times China's $9.3 billion. While the US has produced more AI models than China, the report found that Chinese models have "rapidly closed the quality gap." China also continues to lead in AI publications and patents, the report found. "Chinese vendors have come a long way from being caught surprised by ChatGPT to now competing head-to-head with top Western vendors," Lian Jye Su, the chief analyst at Omdia, told BI. "It will take a while for China to compete in AI chipsets, but China has managed to provide solid alternatives to users looking at non-US AI software and applications," he added. Read the original article on Business Insider Sign in to access your portfolio

Prediction: 2 Stocks That Will Be Worth More Than AppLovin 2 Years From Now
Prediction: 2 Stocks That Will Be Worth More Than AppLovin 2 Years From Now

Yahoo

time27-03-2025

  • Business
  • Yahoo

Prediction: 2 Stocks That Will Be Worth More Than AppLovin 2 Years From Now

AppLovin (NASDAQ: APP), a publisher of mobile games and app monetization tools, went public on April 15, 2021, at $80. Today, its stock trades at about $315 -- so a $10,000 investment would have grown to over $39,000 in less than four years. Back in 2022, AppLovin's revenue growth flatlined and it racked up a net loss as it grappled with inflation, rising rates, and other macroeconomic headwinds for the digital advertising market. That pressure offset all of its inorganic gains from its $1.1 billion takeover of MoPub. But in 2023, its revenue rose 17% and it turned profitable again as the digital advertising market stabilized. In 2024, AppLovin's revenue surged 43%, its net income skyrocketed 343%, and its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 81%. That growth was driven by the growing adoption of its artificial intelligence (AI)-powered AXON ad discovery services and a warming micro environment. AppLovin still has a bright future. From 2024 to 2027, analysts expect its revenue and adjusted EBITDA to grow at a compound annual growth rate (CAGR) of 20% and 31%, respectively. But with a market cap of $107 billion, it doesn't look cheap trading at 19 times this year's sales. If it matches those expectations and maintains the same forward valuations, its market cap could rise about 44% to $154 billion by the beginning of 2027. Yet if it trades at a more modest 10 times forward sales, its market cap could shrink 24% to $81 billion. So instead of chasing AppLovin at these frothy levels, it might be smarter to invest in two less valuable tech companies that might eclipse this hot stock's market cap in two years: Baidu (NASDAQ: BIDU) and CrowdStrike (NASDAQ: CRWD). Baidu owns China's largest search engine, but it only has a market cap of $33 billion and trades at 9 times forward earnings and 2 times this year's sales. Three major challenges are compressing its valuations: competition from mobile "super-apps" like Tencent's (OTC: TCEHY) WeChat, the rise of new generative AI platforms that are changing how people search for information, and soft demand for Chinese equities amid the protracted tech and trade war between the U.S. and China. Those challenges are daunting, but Baidu recently launched two new AI models -- Ernie 4.5, the latest version of its foundational AI platform; and Ernie X1, an advanced reasoning model that targets DeepSeek and other generative AI services -- to keep pace with that evolving market. It's also expanding its mobile app, which served 679 million monthly active users at the end of 2024, and rolling out more managed business pages for companies to curb their dependence on search and display ads. It also recently acquired Joyy's streaming video business in China to complement its iQiyi video platform and widen its moat against ByteDance's Douyin (known as TikTok overseas) and other online video competitors. In 2024, Baidu's revenue dipped 1% -- but its cost-cutting initiatives and buybacks still boosted its earnings per share (EPS) by 20%. From 2024 to 2026, analysts expect its revenue and EPS to grow at a CAGR of 4% and 2%, respectively. Those growth rates aren't impressive, but its business isn't crumbling either. If it matches those estimates, grows its revenue by another 4% in 2027, and trades at a more generous 4 times sales, its market cap could rise to about $83 billion over the next two years. If its AI efforts take off, its growth could accelerate at a faster-than-expected rate and its stock could fetch an even higher valuation. CrowdStrike, one of the world's top cybersecurity companies, has a market cap of $90 billion. Unlike its older peers, which still install on-site appliances, CrowdStrike only provides its endpoint security tools as cloud-based services on its Falcon platform. That approach is stickier, generates predictable recurring revenue, drives its clients to install more cloud-based modules, and is usually easier to scale as an organization expands. From fiscal 2021 to fiscal 2025 (which ended this January), CrowdStrike's revenue and adjusted EBITDA grew at a CAGR of 46% and 79%, respectively. The percentage of its customers using at least five of its modules also rose from 47% at the end of fiscal 2021 to 67% at the end of fiscal 2025. From fiscal 2025 to fiscal 2028, analysts expect its revenue and adjusted EBITDA to rise at a CAGR of 22% and 20%, respectively, as it turns consistently profitable in fiscal 2027 and fiscal 2028. CrowdStrike's business is gradually maturing and its stock isn't cheap at 19 times this year's sales. But if it matches analysts' expectations and maintains the same forward valuations, its market cap could surge more than 50% to $138 billion by the beginning of fiscal 2028. The ongoing expansion of the cybersecurity market, along with its early-mover's advantage in the cloud-native niche, could justify that premium valuation and lift its market cap past AppLovin's over the next two years. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $314,847!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,848!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $524,186!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AppLovin, Baidu, CrowdStrike, and Tencent. The Motley Fool recommends iQIYI. The Motley Fool has a disclosure policy. Prediction: 2 Stocks That Will Be Worth More Than AppLovin 2 Years From Now was originally published by The Motley Fool Sign in to access your portfolio

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