BEIJING - Baidu (NASDAQ:BIDU), Inc. (NASDAQ:BIDU and HKEX: 9888), the AI and internet technology company, is set to host its annual AI developer conference, Baidu Create, on April 16th at the Shenzhen World Exhibition and Convention Center. The conference, themed "Create the Future", will showcase new AI technologies and models, aiming to empower developers to build AI-native applications more efficiently.
At the event, Baidu's Co-founder, Chairman, and CEO Robin Li will give his first major public speech of the year, focusing on the company's efforts to provide developers with advanced AI tools. Baidu's strategy emphasizes the integration of general AI capabilities with industry-specific expertise, which Li describes as combining "a foundation model as the smarter AI base with specialized small models."
Li will also introduce Baidu's new lightweight AI models, ERNIE Speed, ERNIE Light, and ERNIE Tiny. Demonstrations at the conference will illustrate how these models can be used in tandem with larger models for quicker responses and reduced inference costs.
Moreover, the conference will highlight Baidu's three AI toolkits designed to facilitate agent development, AI application development, and model customization. These toolkits are part of Baidu's vision to democratize AI development, with Li suggesting a future where programming expertise is not a prerequisite for creating AI applications.
The full-day Baidu Create event will include over 20 industry forums, more than 30 open AI development classes, and a 3,000-square-foot AI interactive experience area, alongside an AI music festival. The event will be live-streamed on Baidu's official platforms from 9:30 AM to 12:00 PM Beijing Time on April 16th.
Baidu, founded in 2000, is recognized for its contributions to AI technology and its applications across various sectors. The company is publicly traded on NASDAQ and the Hong Kong Stock Exchange.
This announcement is based on a press release statement from Baidu, Inc.
InvestingPro Insights
As Baidu, Inc. (HKEX: 9888) gears up for its annual AI developer conference, investors and industry observers are closely watching the company's financial health and market position. According to InvestingPro data, Baidu has maintained a strong financial foundation, with a market capitalization of $84.1 million USD. This is complemented by a low price-to-earnings (P/E) ratio of 7.13, indicating that the company could be undervalued compared to its earnings potential.
The company's commitment to innovation and growth in the AI sector is further reflected in its profitability over the last twelve months and its ability to maintain dividend payments for an impressive 24 consecutive years. This level of consistency and financial stability is a testament to Baidu's position as a prominent player in the Trading Companies & Distributors industry. Moreover, the company's stock is known for its low price volatility, which might appeal to investors looking for a stable investment in a cutting-edge technology sector.
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