面对不断演进的 AI 周期，百度正以一种"减速执行、聚焦回 报"的方式向外界交出答卷。如果说模型是百度 AI 的肌肉，那 么"云 + 自动驾驶"就是它的骨架。下一个周期的高点，或许将 从这些"已跑通"的场景中诞生。 作者：舟飞 封图：图片资料室 5 月 21 日晚，百度发布 2025 年第一季度财报，盘前涨超 2% 。财报显示显示 Q1 总营收达 325 亿元，百度核心收入 255 亿元，同比增长 7% ，均超市场预期。 一季度，百度核心净利润同比增长 48% 至 76.3 亿元。智能云持续强劲增长，同比增速达 42% 。 财报显示，截至 5 月，萝卜快跑在全球累计提供超 1100 万次的出行服务。 尽管市场仍在观望 AI 商业化的拐点是否真正到来，但这份财报无疑为资本市场注入了更多信心： 包括桥水、富达在内的多家全球投行在一季度对百度进行了数量级的增持操作。 其中，桥水的持仓从不到 20 万股跃升至超 210 万股，增幅超过 10 倍；富达的持股也从 33 万多 股提升至逾 250 万股；美国方舟投资公司（ ARK ）的创始人兼首席执行官 " 木头姐 " 则在一个 半月内 6 次增持百度，累计持仓翻倍。这并 ...

本文来自微信公众号： 硅星人Pro （ID：gh_c0bb185caa8d） ，作者：王兆洋、Jessica、周一笑， 原文标题：《Gemini接管搜索、全家桶秒变通用Agent ，以及Google Glass is so back！｜直击 Google I/O》，题图来自：视觉中国 谁也没想到，Google I/O现场的最高潮来自"复活"的Google Glass有些翻车了的实时demo。 2025年5月20日，Google的年度开发者大会Google I/O在加州山景城举办。 与去年在举办之前一天被OpenAI"狙击"不同，今年的Google I/O，剑拔弩张的氛围让位给了派对的 氛围，在ChatGPT带来的狼狈之后，Google已经回到了自己的节奏。 是的，它回到了饱和式发布的节奏。当天Google一口气发布了至少十多个AI相关的更新，而其中大 多数和Gemini有关。 简单说，Google主要做了四件事：展示Gemini在多模态上的遥遥领先；给Gemini AI助手做全方位的 更新；让Gemini彻底接管搜索，并让全家桶变成通用Agent；以及令人兴奋的AI+AR眼镜。 以下文章来源于硅星人Pro ， ...

Core Insights - Baidu's Q1 2025 revenue reached 32.45 billion RMB (approximately 4.47 billion USD), exceeding expectations with a year-on-year growth of 3% [6] - Net profit for the quarter was 7.72 billion RMB (10.6 billion USD), reflecting a significant year-on-year increase of 42% [6] - The company's intelligent cloud business saw a remarkable revenue growth of 42%, becoming a key driver for overall revenue growth [4] Financial Performance - Total revenue for Q1 2025 was 32.45 billion RMB, compared to 31.51 billion RMB in Q1 2024, marking a 3% increase [3] - Operating profit was 4.51 billion RMB, down 18% year-on-year, while adjusted operating profit was 5.33 billion RMB, reflecting a 6% increase [3] - The diluted earnings per American Depositary Share (ADS) were 21.59 RMB, a 45% increase year-on-year [3] Business Highlights - The intelligent cloud business emerged as a major highlight, with revenue growth of 42% year-on-year [4] - The autonomous driving service "Luobo Kuaipao" saw a 75% increase in order volume, exceeding 1.4 million orders in Q1 2025 [4] - Baidu's mobile ecosystem continued to grow, with monthly active users of the Baidu app reaching 72.4 million, a 7% increase year-on-year [5] R&D and Strategic Investments - Baidu maintained high investment in R&D, launching new products such as Wenxin 4.5 and X1, and upgrading its MaaS platform [7] - As of March 31, 2025, Baidu had cash reserves of 142 billion RMB (approximately 19.57 billion USD), although it reported a negative free cash flow of 8.9 billion RMB due to increased investments in AI [7] - The company has actively repurchased shares, with a total repurchase amount reaching 2.1 billion USD [7]

Core Insights - Baidu's total revenues for Q1 2025 reached RMB 32.5 billion ($4.47 billion), marking a 3% increase year over year, while Baidu Core revenue grew by 7% year over year, driven by a 42% surge in AI Cloud revenue [2][8][20] - The company achieved a net income of RMB 7.7 billion ($1.06 billion), representing a 42% increase compared to the same period last year, with diluted earnings per ADS at RMB 21.59 ($2.98), up 45% year over year [3][12] - Baidu's AI Cloud business continues to show strong growth, contributing significantly to overall revenue and positioning the company for long-term growth opportunities in the AI sector [2][3] Financial Performance - Total revenues for Q1 2025 were RMB 32,452 million ($4,472 million), a 3% increase from RMB 31,513 million in Q1 2024 [3][8] - Operating income for Q1 2025 was RMB 4,508 million ($621 million), down 18% year over year, while non-GAAP operating income was RMB 5,333 million ($735 million), a decrease of 20% year over year [3][10] - Net income attributable to Baidu was RMB 7,717 million ($1,063 million), with a net margin of 30% for Baidu Core [12][20] Operational Highlights - Apollo Go, Baidu's autonomous ride-hailing service, expanded into Dubai and Abu Dhabi, providing over 1.4 million rides in Q1 2025, a 75% increase year over year [6][20] - Baidu App's monthly active users (MAUs) reached 724 million, up 7% year over year [20] - The company launched ERNIE 4.5 and ERNIE X1, its first flagship models with multimodal capabilities, enhancing its AI product offerings [7][20] Cost and Expenses - Cost of revenues for Q1 2025 was RMB 17,487 million ($2,410 million), an increase of 14% year over year, primarily due to rising costs in the AI Cloud business [9][10] - Selling, general and administrative expenses rose to RMB 5,913 million ($815 million), a 10% increase year over year [9][10] - Research and development expenses decreased by 15% year over year to RMB 4,544 million ($626 million) [10] Cash Flow and Investments - As of March 31, 2025, Baidu had cash, cash equivalents, and short-term investments totaling RMB 142.0 billion ($19.57 billion) [14] - Free cash flow was negative RMB 8.9 billion (negative $1.23 billion), mainly due to increased investments in AI [14][29] - The company has returned $445 million to shareholders since the beginning of Q1 2025, with a cumulative repurchase of $2.1 billion under the 2023 share repurchase program [6][20]

今年，Google算是打了个翻身仗。 不断的掏出新东西，不断的让大家，感受到惊喜。 而万众期待的Google I/O开发者大会，终于在今天凌晨1点正式开始了。 这次的大货，真的持续轰炸了整整两个小时。。。 说个小插曲，本来我现在，人应该是在硅谷Google总部现场的，因为受到小红书和Google的邀请，喊我去现场看。。。 但...作为一个八百年不出门宅在家里的死宅，有一个非常严重的问题，就是，我没有美国签证。 就...一次都没去过。。。 现申请也来不及了，最后，只能让我团队的小伙伴@jojo过去了，她在现场看，给我拍素材，我在家里坐着一边看直播一边熬夜写。。。 然后，她就跟皮查伊合影了。。。 我也好想...去啊... 会员发布其实比较晚，但是我依然想把它放在第一个，放在所有部分之前。 因为它代表着Google的整个战略。 这次，新加了一档249.99刀每月的超级会员，称为Google AI Ultra，还好他们没直接写250刀。。。 我说真的，Google在那kuku输出了2小时，我人都听麻了，就这俩小时的发布会光素材分类和整理就让我从凌晨3点半干到5点半，我特么。。。 那就，开始吧。 几乎囊括了所有的这次新 ...

谷歌母公司Alphabet的Starline项目成为3D视频聊天平台。 ...

谷歌母公司Alphabet宣布为AI深度用户提供每月249.99美元的"AI Ultra"订阅服务。 ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Tuesday, May 20, 2025. Credit: AP Photo/Jeff Chiu Google on Tuesday unleashed another wave of artificial intelligence technology to accelerate a year-long makeover of its search engine that is changing the way people get information and curtailing ...

Alphabet (GOOG) 2025 Update / Briefing May 20, 2025 01:00 PM ET Speaker0 Hello, everyone. Good morning. Welcome to Google IO. So good to see everyone here in Shoreline, and hello to everyone joining virtually around the world. I learned that today is the start of Gemini season. Not really sure what the big deal is. Every day is Gemini season here at Google. Normally, you wouldn't have heard much from us in the weeks leading up to IO. That's because we'd be saving our best models for this stage. But in our G ...

谷歌母公司Alphabet宣布为AI高级用户提供每月249.99美元的"AI Ultra"订阅服务。 ...