Robin Li: Version 4.0 of Wenxin Yiyan Model is expected to be launched by the end of the year
Baidu released its financial report for the second quarter, with revenue of 34.1 billion yuan, a year-on-year increase of 15%; net profit attributable to Baidu was 8 billion yuan, a year-on-year increase of 44%.
In the earnings conference call, Robin Li, founder, chairman and CEO of Baidu, made a speech mainly around Wenxin Yiyan, and it is expected that version 4.0 of the Wenxin Yiyan model will be launched by the end of the year.
When talking about Wenxin Yiyan's role in driving these businesses, Li Yanhong said that in terms of search, users can search for more questions that were not found in the past, which has promoted the growth of the search business. Generative AI can bring direct responses and drive the growth of Baidu user retention rate.
Baidu Wenku is internally testing an AI assistant feature, and test users doubled their usage time on Baidu Wenku, making them more likely to become paying users.
In addition, with the help of Wenxin Yiyan, Baidu Smart Cloud has also added some new cooperation. According to statistics, since May, Baidu Smart Cloud has signed agreements with nearly 10 large central state-owned enterprises to explore the application of AI in various industries. In May, Baidu Smart Cloud signed a contract with the China Southern Power Grid Power Dispatch Control Center to jointly explore the application of AI technology in the field of power dispatch.
In June, Sinopec and Baidu signed a strategic cooperation framework agreement. The two parties will deepen cooperation in fields such as artificial intelligence in the petrochemical industry. In July, BMW Brilliance Automobile Co., Ltd. signed a contract with Baidu. The two parties will explore the integration and innovation of AI technology and the global scene of the automobile manufacturing industry.
Li Yanhong believes that generative artificial intelligence and large language models have shown tremendous transformative power in various industries, bringing Baidu extremely broad market opportunities.