VIDEO BRIEF: Baidu accelerates in AI as robotaxi service gains speed

Baidu Inc. (BIDU.US, 9888.HK) reported fourth quarter 2024 results that underscore its commitment to AI and autonomous driving. The tech giant maintained its quarterly revenue at about $4.7 billion, while its net income doubled to $711 million. Its Baidu Core revenue, which includes its search business, held steady at around $3.8 billion, and non-advertising revenue climbed 18% year-on-year to $1.34 billion, mainly driven by its AI Cloud business.

Baidu’s Apollo Go autonomous taxi unit logged over 1.1 million rides in the fourth quarter, up 36% from the previous year – placing it almost on par with competitors like Waymo in terms of annual rides. Meanwhile, Apollo Go also secured permits for open-road testing in Hong Kong and achieved 100% driverless operations across China in February.

By Brent Li

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