Core Insights - Citigroup reports that Baidu has officially launched the Wenxin large model 5.0, which features a total of 2.4 trillion parameters and employs a native all-modal unified modeling technology, enabling comprehensive understanding and generation capabilities across text, images, audio, and video inputs and outputs [1] Group 1 - Baidu demonstrates its integrated technological capabilities in chips, cloud infrastructure, models, and intelligent agents, with proprietary Kunlun chips, cloud facilities, the Wenxin large model family, and the Qianfan intelligent agent platform forming a high-performance proprietary AI infrastructure [1] - Currently, Baidu's intelligent infrastructure services over 460,000 customers, with Baidu Smart Cloud serving over 65% of state-owned enterprises, systemic banks, 95% of mainstream automotive manufacturers, and 50% of gaming companies, indicating that Baidu is well-prepared to continuously enhance its proprietary AI intelligence level [1] Group 2 - Citigroup sets a target price of $186 for Baidu's U.S. stock and maintains a "Buy" rating [1]
大行评级｜花旗：百度展现芯片、云端、模型及智能体全栈结合技术能力，维持“买入”评级
Ge Long Hui·2026-01-23 07:03