Robin Li: 18% of search results are generated by AI, and Baidu's intelligent agents are distributed more than 8 million times a day.

According to news from this site on August 22, Baidu released its second quarter financial report for 2024 today: total revenue was 33.9 billion yuan, basically the same year-on-year. Net profit attributable to Baidu was 5.5 billion yuan. Not according to U.S. GAAP, net profit attributable to Baidu was 7.4 billion yuan. During the earnings call, Baidu founder, chairman and CEO Robin Li said: 18% of search results are already generated by AI, providing users with more accurate and direct answers. At the same time, the distribution of smart agents in Baidu’s ecosystem has increased significantly, with the average number of distributions per day in July exceeding 8 million times, twice as much as in May.

The financial report shows that Baidu Smart Cloud Q2 revenue reached 5.1 billion yuan, a year-on-year increase of 14%, and the revenue contribution contributed by AI further increased to 9%, higher than the 6.9% in the previous quarter. For details, please see this site's previous reports.

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