Baidu, Inc.
BIDUpublicSearch, Cloud & AI
China's leading AI and search company. Creator of ERNIE Bot. Baidu AI Cloud is a top-3 Chinese cloud provider. CAPEX much lower than US peers due to scale difference and Ascend chip reliance post-export controls.
Latest News
Loading…
2024 CAPEX
$2.0B
YoY 2024 vs 2023
+9.6%
Latest Quarter
$0.5B
Q4'24
CAPEX History — Quarterly
Quarterly Data & Sources
| Quarter | CAPEX | Revenue | % Rev | Source |
|---|---|---|---|---|
| Q4'24 | $0.5B | $4.8B | 11.0% | Q4 2024 Earnings (est. from RMB) |
| Q3'24 | $0.5B | $4.7B | 10.8% | Q3 2024 Earnings (est. from RMB) |
| Q2'24 | $0.5B | $4.7B | 11.1% | Q2 2024 Earnings (est. from RMB) |
| Q1'24 | $0.5B | $4.6B | 10.7% | Q1 2024 Earnings (est. from RMB) |
| Q4'23 | $0.5B | $4.7B | 11.1% | Q4 2023 Earnings (est. from RMB) |
| Q3'23 | $0.4B | $4.5B | 9.6% | Q3 2023 Earnings (est. from RMB) |
| Q2'23 | $0.5B | $4.5B | 10.6% | Q2 2023 Earnings (est. from RMB) |
| Q1'23 | $0.5B | $4.3B | 10.3% | Q1 2023 Earnings (est. from RMB) |
Q1'23 — Approx. converted from RMB at 7.2 RMB/USD
Q2'23 — Approx. converted from RMB at 7.2 RMB/USD
Q3'23 — Approx. converted from RMB at 7.2 RMB/USD
Q4'23 — Full 2023: ~$1.87B
Q1'24 — Approx. converted from RMB at 7.2 RMB/USD
Q2'24 — Approx. converted from RMB at 7.2 RMB/USD
Q3'24 — Approx. converted from RMB at 7.2 RMB/USD
Q4'24 — Full 2024: ~$2.05B. Increasing AI Cloud investment
Key Quotes
Rong Luo·CFO·2024-11-21
“We continue to invest strategically in AI infrastructure to support ERNIE Bot and Baidu AI Cloud growth.”
Q3 2024 Earnings Call
Compute Clusters
ERNIE Bot cluster
Ascend 910B + Nvidia A100
operational
SEC Filings
chinaAIERNIEsearchcloudAscend