Baidu on Nov. 12, 2024, unveiled a pair of glasses with a built-in AI assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in AI-powered hardware.BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth. The revenue print came in at $4.78 billion for the quarter ending on Sept. 30. Net income for the period rose by 14% to $1.09 billion. Baidu noted a 12% surge in its no ...

Core Insights - Baidu's third quarter results showed a decline in total revenues, primarily due to ongoing weakness in the online marketing business, although this was partially offset by growth in the AI Cloud segment [1][7] - The company reported a stable operating margin and emphasized its commitment to an AI-focused strategy, highlighting the increasing adoption of its AI capabilities and the success of its autonomous driving service, Apollo Go [1][3] Financial Highlights - Total revenues for Q3 2024 were RMB 33.6 billion ($4.78 billion), a decrease of 3% year-over-year [7] - Operating income was RMB 5.9 billion ($844 million), with a non-GAAP operating income of RMB 7.0 billion ($999 million) [8][9] - Net income attributable to Baidu was RMB 7.6 billion ($1.09 billion), representing a 14% increase year-over-year [9] - Diluted earnings per ADS were $21.60, up 19% year-over-year [9] Operational Highlights - Baidu's AI Cloud business continued to grow, with PaddlePaddle and ERNIE developer community reaching 18.1 million members [4] - ERNIE processed approximately 1.5 billion API calls daily in November 2024, a significant increase from 600 million in August [4] - Apollo Go provided 988,000 rides in Q3 2024, a 20% increase year-over-year, with fully driverless vehicles accounting for over 70% of total rides [5] Market Position - Baidu AI Cloud was ranked as the No.1 AI cloud provider for the fifth consecutive year in IDC's 2023 report on China's AI public cloud market [4] - The Baidu App's monthly active users (MAUs) reached 704 million, a 6% increase year-over-year [6]

Baidu Inc BIDU will report its third-quarter earnings on Thursday. Wall Street expects $2.35 in earning per share and $4.69 billion in revenues as the company reports before market hours.The stock is down 22.24% over the past year, 24.97% year-to-date.Let’s look at what the charts indicate for Baidu stock and how the stock currently maps against Wall Street estimates.Read Also: Alibaba Eyes Raising $5 Billion Via Bond Sale to Fund Debt Payoff and Stock BuybacksBaidu Stock In Strongly Bearish Trend Baidu sto ...

Outside of America, there is no other company that is innovating in AI at breakneck speed like China's Baidu, Inc. (NASDAQ: BIDU ).Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The ...

We recently got filings showing the investments and divestments of famous investors, hedge funds, and so on. In this article, I will take a look at the movements in the portfolio of Michael Burry, famous for his He is a contributing author for the investing group Cash Flow Club where along with Darren McCammon, they focus on company cash flows and their access to capital. Core features include: access to the leader's personal income portfolio targeting 6%+ yield, community chat, the "Best Opportunities" Lis ...

The most recent trading session ended with Baidu Inc. (BIDU) standing at $90.89, reflecting a -1.08% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 2.53%. Elsewhere, the Dow gained 3.57%, while the tech-heavy Nasdaq added 2.95%.Coming into today, shares of the web search company had lost 13.33% in the past month. In that same time, the Computer and Technology sector gained 1.29%, while the S&P 500 gained 0.66%.Market participants will be closely ...

Global fund managers turned excited about the prospect of better growth in the year ahead, according to the latest BofA Global Fund Manager Survey. While US real GDP has been stellar and has outperformed economists’ estimates for quarters on end, international growthFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficien ...

| --- | --- | --- | --- | --- | |----------------------------------|-----------------------|-------------------------|-----------------|-------------------------------| | 交银国际研究 \n公司更新 \n互联网 | 收盘价 美元 93.59 | 目标价 美元 111.00↓ | 潜在涨幅 +18.6% | 2024 年 10 月 30 日 | | 百度 (BIDU US) | | | | | 短期搜索广告收入或承压，关注 AI 对搜索改造带来的产品突破 2024 年 3 季度业绩预览：我们预计百度核心收入 263.6 亿元（人民币，下 同），同比降 0.8%，较此前下调 2.6%，主要因广告业务增长承压；调整 后运营利润 65.3 亿元，对应利润率 24.8%，对比 Visible Alpha 一致预期收 入降 0.7%/运营利润 64.4 亿元。预计百度（含爱奇艺）收入 334 亿元，同 比降 3%，调整后净利润 62 亿元，对应净利率 1 ...

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BEIJING, Oct. 28, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2024 ended September 30, 2024, before the U.S. market opens on November 21, 2024. Baidu's management will hold an earnings conference call at 7:30 AM on November 21, 2024, U.S. Eastern Time (8:30 PM on November 21, 2024, Beijing Time) ...