Baidu's AI Cloud Revenue Set to Gain From New Developments -- Market Talk

Dow Jones04-18

0856 GMT - Baidu's AI cloud revenue will likely benefit from financial opportunities that result from its new AI development tools, Daiwa analysts write in a note. Based on the company's recent AI developer conference, there were more concrete applications of generative AI compared with a year earlier, the analysts note. The costs of model inferencing have dropped sharply, and Baidu has achieved breakthroughs in using chips from different manufacturers. The analysts expect the company's AI cloud revenue to benefit from these technologies the most. With more AI-powered apps, they think the financial potential from model inferencing will eventually exceed that of model training. Daiwa maintains a buy rating on the stock. Shares closed at HK$93.55. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 18, 2024 04:56 ET (08:56 GMT)

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The analysts expect the company's AI cloud revenue to benefit from these technologies the most. With more AI-powered apps, they think the financial potential from model inferencing will eventually exceed that of model training. Daiwa maintains a buy rating on the stock. Shares closed at HK$93.55. 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Based on the company's recent AI ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIDU","symbol_name":"百度","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428552564","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428552564","pubTimestamp":1713430560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0856 GMT - Baidu's AI cloud revenue will likely benefit from financial opportunities that result from its new AI development tools, Daiwa analysts write in a note. Based on the company's recent AI developer conference, there were more concrete applications of generative AI compared with a year earlier, the analysts note. The costs of model inferencing have dropped sharply, and Baidu has achieved breakthroughs in using chips from different manufacturers. The analysts expect the company's AI cloud revenue to benefit from these technologies the most. With more AI-powered apps, they think the financial potential from model inferencing will eventually exceed that of model training. Daiwa maintains a buy rating on the stock. Shares closed at HK$93.55. 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