BEIJING, July 26,
2023 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and
HKEX: 9888) ("Baidu" or the "Company"), a leading AI company with a
strong internet foundation, has secured the leading position in the
China market for fourth
consecutive year after showing strong growth in 2022, according to
the recent IDC report "China AI Public Cloud Service Market Share,
2022". The report shows Baidu AI Cloud has achieved an impressive
69.7% YoY growth in 2022, and highlights the continuous high-speed
expansion of the AI public cloud service market in China, driven by Baidu's successful efforts in
implementing intelligent solutions across diverse industries
including manufacturing, energy, finance, and public service. Baidu
AI Cloud has also emerged as a leading player in the computer
vision market, the largest and fastest-growing segment in the AI
cloud industry, as well as in the natural language processing
market, driven by the company's leading development of multi-modal
AI and early-stage generative AI applications, according to
IDC.
The report foresees the rapid development of large models and
generative AI in the next 3-5 years, positioning Baidu AI Cloud for
promising opportunities to further bolster its growth.
Baidu AI Cloud's Leadership in China's AI Public Cloud Market
IDC observed China's AI public
cloud service market has experienced remarkable 80.6% year-on-year
growth, reaching a market size of 7.973
billion yuan by the end of 2022. Baidu AI Cloud has
consistently held the top market position in IDC's biannual
rankings since 2019, now marking the eighth consecutive time it has
led the ranking.
Analyzing the achievements of Baidu AI Cloud, the IDC report
attributes its success to the comprehensive breadth of the
company's AI solution, which includes self-developed chips,
framework, and a wide range of AI capabilities. The platform stands
out among AI software with its advancements in generative AI,
multi-modal applications, large models, OCR, and conversational AI,
IDC points out.
ERNIE Foundation Model Excels at Numerous Benchmarks
Baidu's foundation model, ERNIE, has surpassed other major
Chinese models in specific industrial evaluations, according to a
latest IDC report on the technological abilities of AI models. The
report recognizes Baidu ERNIE 3.5 as the leading large model in
China, excelling in algorithmic
model and industry coverage, securing full marks in 7 out of 12
core indicators. Baidu's ERNIE large model is the only model to
receive a full score in the "algorithmic model" and "industry
coverage" indicators, which are the most crucial for measuring the
depth of large model technology and its extensive application
across industries.
Various enterprises, including the State Grid Corporation of
China, Shanghai Pudong Development
Bank, Taikang Life Insurance, and Geely, have collaborated with
Baidu to develop eleven industry-specific large models.
Baidu's ERNIE large model has recently been upgraded to version
3.5. ERNIE 3.5 has improved training throughput by 2x, and its
queries per second (QPS) increased by 30x compared to ERNIE 3.0,
which was released this past March.
Promising Outlook for Large Models
IDC believes that in the next five years, the upcoming
generation of artificial intelligence, driven by large models and
generative AI, is expected to lead the overall industry to return
to a period of high growth.
According to IDC, cloud providers are at the forefront of
research and investment in generative AI and large models. The
implementation of large models and generative AI is currently in
its early stages, and these capabilities can see faster updates and
iterations on public clouds, bringing significant benefits to AI
public cloud services in the short term.
Baidu's Initiatives and Efforts in Nurturing an Ecosystem
around Large Models
Earlier this year, Baidu AI Cloud launched the world's first
one-stop enterprise-grade platform, the Wenxin Qianfan Large Model
Platform, which lowers the threshold and costs for enterprises to
utilize large models. Baidu is actively promoting the development
of the large model ecosystem, with over 150,000 enterprises
applying to access the ERNIE Bot for testing and more than 300
eco-partners experiencing success in over 400 specific scenarios.
In addition, Baidu has established a 1-billion-yuan venture capital fund to encourage
innovation and growth in the large model ecosystem.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated
world simpler through technology. Baidu is a leading AI company
with strong Internet foundation, trading on the NASDAQ under "BIDU"
and HKEX under "9888." One Baidu ADS represents eight Class A
ordinary shares.
Media Contact: Intlcomm@baidu.com
View original
content:https://www.prnewswire.com/news-releases/baidu-ai-cloud-leads-china-market-for-fourth-year-in-a-row-with-69-7-growth-in-2022--report-says-301885991.html
SOURCE Baidu, Inc.