May 16duckyluck100medusanodepositbonus2022On the evening of May 16, Baidu released its 2024 Q1 financial report, showing total revenue in the first quarter of 31.5 billion yuan. Net profit attributable to Baidu (Non-GAAP) 70duckyluck100medusanodepositbonus2022.11 billion yuan, a year-on-year increase of 22%. Net profit (Non-GAAP) attributable to Baidu's core was 6.628 billion yuan, a year-on-year increase of 26%, both exceeding market expectations. Robin Li, founder, chairman and CEO of Baidu, said,"With the arrival of the era of generative artificial intelligence in China, basic models such as the Wenxin Model will become infrastructure and integrate into all aspects of people's lives. We are making the Wenxin Model Series more affordable and efficient. This will bring more opportunities to Baidu."
