Baidu, Inc. (NASDAQ: BIDU) has secured the leading position in the AI public cloud service market for the fourth consecutive year, according to the recent IDC report “China AI Public Cloud Service Market Share, 2022”. The report shows Baidu AI Cloud has achieved an impressive 69.7% YoY growth in 2022, driven by its successful efforts in implementing intelligent solutions across diverse industries. Baidu AI Cloud has also emerged as a leading player in the computer vision and natural language processing markets, driven by the company’s leading development of multi-modal AI and early-stage generative AI applications. The report foresees the rapid development of large models and generative AI in the next 3-5 years, positioning Baidu AI Cloud for promising opportunities to further bolster its growth.
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