BIDU(US:BIDU) Zhi Tong Cai Jing·2025-12-30 14:09Core Viewpoint - Baidu is experiencing a fundamental transformation from a traditional search advertising model to an AI infrastructure provider, driven by significant advancements in AI and the commercialization of its Kunlun series chips [1][2]. Group 1: Partnership and Product Development - On December 30, Baidu Maps announced a deep collaboration with the autonomous vehicle company New Stone, integrating LD data products into New Stone's logistics platform to provide high-precision mapping services for last-mile delivery and urban freight [1]. - New Stone's autonomous vehicles utilize self-developed visual BEV algorithms and a 4D One Model architecture, achieving L4-level autonomous driving in complex road environments, with applications in logistics, supermarket distribution, and pharmaceutical delivery [1]. Group 2: Financial Projections and Growth Drivers - Morgan Stanley predicts that Baidu's Kunlun chip revenue will surge from approximately 1.3 billion RMB in 2025 to 8.3 billion RMB in 2026, reflecting a sixfold increase due to strong demand for AI hardware [2]. - Analysts forecast that Baidu's cloud business revenue will grow by 61% year-on-year in 2026, positioning it as a crucial pillar for new growth [2].