$Baidu(BIDU.US) This dude has all the info 😂

Longbridge - 产业深观
产业深观

Better than expected! Baidu's core net profit increased 17% YoY in Q3, with Ernie Bot's daily API calls reaching 1.5 billion.

On the evening of November 21, Baidu released its Q3 2024 financial report, showing total quarterly revenue of 33.6 billion yuan, with Baidu Core revenue reaching 26.5 billion yuan. Net profit attributable to Baidu Core was 7.54 billion yuan, a 17% year-over-year increase, exceeding market expectations. The report revealed that in November, the daily average API calls for the ERNIE large model reached 1.5 billion times. Compared to the 50 million calls disclosed in Q4 last year, this represents a 30-fold growth within one year. "The increasing call volume for ERNIE demonstrates that our powerful AI capabilities are gaining broader market recognition...

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