BEIJING, July 15, 2020 /PRNewswire/ -- Baidu, Inc.
(NASDAQ: BIDU) boasts the highest market share and highest number
of invocations in China's
fast-growing AI public cloud services market, a recent report from
International Data Corporation (IDC) showed, reflecting the
company's continuous investments in building core AI technologies
and new infrastructure to power industrial transformation.
The market for AI cloud services in China was valued at $166 million USD in 2019, with Baidu Cloud
holding the largest share, according to the IDC report titled
"China's Artificial Intelligence
Cloud Services Market Research Report (2019)". IDC says AI
capabilities have become a key consideration for users when
choosing cloud services vendors, setting up the market for
tremendous growth. The research firm predicts that China's AI cloud services market will see a
compound annual growth rate of 93.6% between 2018 and 2024.
According to the report, in addition to leading in market share
and invocations, Baidu Cloud offers the most overall AI products
and AI capabilities. Baidu also has the most capabilities in
natural language processing (NLP) and strong positions in
intelligent voice, facial and body recognition, conversational AI,
and machine learning. Baidu Cloud is also the only vendor to
have already commercialized NLP at scale as part of its cloud
services, with most other vendors not charging fees for NLP
capabilities until this year. In total, Baidu Cloud has opened up
more than 250 AI capabilities that service 1.9 million developers,
who cumulatively use these capabilities 1 trillion times per day on
"As an AI platform company that is focused on empowering other
organizations, Baidu hopes that every enterprise, no matter how
small, is able to use capabilities and services provided by our
platforms, just like they were water and electricity, to quickly
and easily realize intelligent transformation," said Robin Li, the co-founder, chairman, and chief
executive officer of Baidu, during a speech at the 2020 World
Artificial Intelligence Conference (WAIC) on July 9.
"Baidu Cloud relies on AI capabilities and platforms for AI
development -- our two large core advantages -- and has become one
of the main drivers of industrial AI and a leading cloud service
Baidu views AI cloud services as a key pillar of new
infrastructure that will accelerate the intelligent transformation
of various industries. In May, Baidu released the "AI Middle
Office" and "Knowledge Middle Office", two cloud-based platforms
that reduce the threshold for companies to apply AI technology. The
two platforms have already been used for AI applications in energy,
finance, and other industries. Due to the pandemic, more and more
companies across industries are determined to adopt AI technology
to increase efficiency and competitiveness, which is contributing
to the fast-growth in AI cloud services.
Over the past week, Baidu Cloud secured three strategic
agreements to apply AI in various industries. Baidu Cloud and
Shanghai Pudong Development Bank (SPDB) reached an agreement to
deepen collaboration on applying AI in the finance industry, while
Baidu Cloud and China National Building Material Group agreed to
collaborate on smart logistics, the digital transformation of
mining, smart factories, and AI-powered data centers, among others.
Baidu Cloud and the People's Government of Shanghai Pudong New Area
also signed a strategic cooperation framework agreement to
establish the nation's first Baidu PaddlePaddle AI industry
empowerment center and collaborate on intelligent urban management.
As part of its investments in building new infrastructure, Baidu
also recently announced plans to deploy 5 million intelligent cloud
servers by 2030 and train 5 million AI experts in the next 5
Haifeng Wang, Baidu's chief
technology officer, said that new infrastructure will be the
kinetic energy for China's
economic development in the next few decades. Emerging technologies
like AI, cloud computing, 5G, the Internet of Things, and
blockchain will provide key support for all industries.
Going forward, Baidu will speed up the rollout of new
infrastructure, drawing on its years of AI technology achievements
and experience to accelerate the application of AI and realize a
truly intelligent economy.
Baidu, Inc. is a leading search engine, knowledge and
information centered Internet platform and AI company. The
Company's mission is to make the complicated world simpler through
technology. Baidu's ADSs trade on the NASDAQ Global Select Market
under the symbol "BIDU". Currently, ten ADSs represent one Class A
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SOURCE Baidu, Inc.