Baidu, a leading AI company in China, has maintained its leading position in the Chinese market for the fourth consecutive year. According to a recent IDC report, Baidu AI Cloud achieved a remarkable 69.7% year-on-year growth in 2022. This growth is attributed to Baidu’s successful implementation of intelligent solutions across various industries, such as manufacturing, energy, finance, and public service.
Baidu AI Cloud has also emerged as a dominant player in the computer vision and natural language processing markets. Its development of multi-modal AI and early-stage generative AI applications has propelled its success in these segments, according to IDC.
The IDC report predicts that in the next 3-5 years, there will be rapid development in large models and generative AI. This bodes well for Baidu AI Cloud’s future growth and presents promising opportunities for the company.
IDC’s biannual rankings show that Baidu AI Cloud has consistently held the top position in China’s AI public cloud service market since 2019. The market itself experienced significant growth in 2022, with a year-on-year increase of 80.6% and a total market size of 7.973 billion yuan.
The IDC report attributes Baidu AI Cloud’s success to its comprehensive AI solution, which includes self-developed chips, frameworks, and a wide range of AI capabilities. The platform stands out for its advancements in generative AI, multi-modal applications, large models, OCR, and conversational AI.
Additionally, Baidu’s foundation model, ERNIE, has surpassed other major Chinese models in industrial evaluations. ERNIE 3.5, the latest version of the foundation model, received full marks in 7 out of 12 core indicators, making it the leading large model in China.
To foster an ecosystem around large models, Baidu AI Cloud launched the Wenxin Qianfan Large Model Platform. This platform aims to lower the threshold and costs for enterprises to utilize large models. Baidu has also established a venture capital fund to encourage innovation and growth in the large model ecosystem.
Overall, Baidu AI Cloud’s leadership in China’s AI public cloud market, its advancements in large models and generative AI, and its efforts to nurture an ecosystem demonstrate the company’s commitment to maintaining its position as a frontrunner in the AI industry.