According to the Smart Finance and Economics APP, Baidu Group-SW (09888) rose more than 9%, up 9.47% to HK$115.6 as of the time of publication, with a turnover of 0.904 billion Hong Kong dollars.

On the news front, on September 25-26, Baidu Yunzhi Conference 2024, in partnership with Intel, was held in Peking. Baidu Intelligent Cloud released the latest products and developments for computing power, models, and AI applications, comprehensively upgrading the Baidu AI heterogeneous computing platform 4.0 and Qianfan large model platform 3.0, as well as upgrading Code Assistant, Intelligent Customer Service, and Digital Human three major AI native application products. In addition, Baidu shared the latest large-scale model industry practices in eight major sectors including autos, electrical utilities, and finance, and brought hundreds of thematic speeches, as well as thousands of square meters of intelligent technology exhibition.

haitong int'l believes that Baidu's Yunzhi Conference this time showcased its full-line capabilities in the large model track. Baidu has been continuously iterating and consolidating its industry-leading position. Despite the unclear commercial prospects, as the macro economy improves and the time for large-scale commercial use of large models approaches, Baidu is expected to leverage its first-mover advantage to gain incremental revenue in advertising, agents, model training inference, and intelligent cloud deployment.