Baidu announces 200 million AI chat users on Ernie Bot, but the stock continues to trend lower. The company is a leader in the Chinese generative AI market and has multiple paths to success, including a potential deal with Apple. The stock only has an EV of just $10 billion after this dip, despite generating nearly $4 billion in FCF last year.
Baidu dominates internet search in China in the same way that Google does in the rest of the world. The company's low P/E ratio may overcompensate for the stock's risk factors.
One year after Chinese tech firm Baidu released its ChatGPT-like Ernie bot, the company announced tools to encourage locals to develop AI applications.
Baidu has made further headway into developing and monetizing AI. Yet, the market continues to ignore its growth potential. At current valuations, investors have the odds stacked in their favor.
SHENZHEN, China , April 17, 2024 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with strong internet foundation, yesterday announced the launch of the second ERNIE Cup Innovation Challenge. Following the success of the inaugural competition, this year's challenge is open to entrepreneurial teams focused on AI-native applications from a...
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SINGAPORE--(BUSINESS WIRE)--Nativex, a leading digital marketing platform, has been awarded the "2024 Trailblazer Award" at the Baidu Ads Channel Ecosystem Core Agent Conference. The conference, themed "Unite with AI, Win the Future," focused on leveraging generative AI to reconstruct new business ecosystems and spearhead revolutionary changes in AI-driven marketing. As an official Baidu Agency...
ERNIE Bot has amassed 200 million users while ERNIE API now handles 200 million daily queries. Baidu presented three AI development toolkits: AgentBuilder, AppBuilder and ModelBuilder, helping to boost creativity in AI.
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