On November 14, Gelonghui reported that morgan stanley stated in a report that during the earlier Baidu World 2024 event organized by baidu, baidu showcased the latest advancements in its ai technology, specifically the ai tool Miaoda that does not require coding, and positioned intelligent agents as the main form of ai applications. Baidu announced the arrival of the era of ai applications during the event and emphasized that intelligent agents are the primary application form. It is committed to supporting the creation of millions of 'super useful' applications instead of a single 'super app'. Baidu pointed out that its goal is to establish a global application system based on LLM and generative ai. The daily invocation volume of the Baidu Wenxin large model exceeds 1.5 billion times, an increase of nearly 30 times since its debut in December 2023. As the Ernie LLM continues to enhance efficiency and reduce costs, baidu has also launched two new ai technologies based on the Ernie LLM, namely Ernie iRAG and Miaoda, to position intelligent agents as the main interface for content, news, and services in the ai era. The firm maintains a target price of 105 dollars for baidu's US stock and an 'in line with the market' rating unchanged.