The development of artificial intelligence has changed the whole world

The development of artificial intelligence has changed the whole world, making it inevitable for robots to replace human labor. Whether you like it or not, the problem is that there will probably be a large number of robots to take your place soon.

Li Yanhong, who bet on artificial intelligence, accepted the farming culture and went all out to engage in R&D. If Baidu's non-advertising revenue exceeds advertising revenue in 2024, it means that Baidu people who have burned their bridges will no longer ferry, which means Li Yanhong bet on the success of artificial intelligence.

Li Yanhong believes that artificial intelligence has been on fire for so many years, and commercialization has always been one of its weaknesses. The lack of good business prospects will make the growth of startup companies stagnate, cause huge losses, make it difficult to raise funds for listing, and large companies will become increasingly ungrounded.

In fact, as early as 2012, Li Yanhong was thinking about whether AI technology had ushered in a historical turning point. Baidu set up artificial intelligence research centers in China and the United States. In the past ten years, the investment in AI R&D cost reached 100 billion yuan, and Baidu's market value hovered around 50 billion dollars.

The development of artificial intelligence has changed the whole world. Li Yanhong, who started as a search engine, is an ace in Baidu's marketing. Online marketing has remained above 80% for a long time, and Baidu AI has contributed little to revenue, which has become a burden to Baidu's market value.

With the growth of artificial intelligence business, Baidu AI Cloud+Autopilot is getting more and more popular. In the next three years, Baidu's non-advertising revenue will exceed its advertising revenue. According to Baidu's annual revenue growth of 10%, the revenue scale can reach 160 billion yuan in 2024.

Among the top ten Internet companies in the world by market value, Alphabet, Microsoft, Amazon, Ali and Tencent all regard cloud computing as the second growth curve, and Li Yanhong has locked Baidu AI Cloud as the second growth curve.

In 2021, Baidu AI Cloud's revenue was 15.1 billion yuan, about 1/5 of Alibaba Cloud's and 1/2 of Tencent Cloud's in the same period. Baidu AI Cloud's revenue growth rate remained above 30%, and it is expected to be the top three in terms of growth rate.

Intelligent transportation, intelligent city, industrial Internet and traditional financial industry are the advantages of Baidu AI Cloud. With the increasingly strict supervision of the Internet industry, the performance of Alibaba Cloud and Tencent Cloud has been greatly affected.

Baidu Apollo Intelligent Driving Club will usher in the peak of mass production. Every month, there will be a new car on the market. In the next 3-5 years, it is estimated that the carrying capacity of front-loading mass production will reach 1 million units. Compared with selling autonomous driving schemes and building cars, sharing unmanned vehicles is a faster realization mode.

As of July 20th, 2022, Radish Run has covered more than ten cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, etc., with a cumulative order volume of 1 million. It is the largest self-driving travel service provider in the world, which can make taxi fares half cheaper.

The development of artificial intelligence has changed the whole world. Li Yanhong believes that the commercialization of artificial intelligence still needs to be groped in the dark for some time. In the ten years from 2012 to 2021, Baidu invested 125.217 billion yuan in research and development, accounting for 16.34% of cumulative revenue and 105.09% of cumulative operating profit.

In the past ten years, Baidu's R&D expense rate has been above 15% almost every year; In 2021, Baidu's core R&D expense rate reached 23.21%, which was the leading rate among large Internet technology companies in the world. In 2021, Baidu's core R&D expense was 0.8 percentage points ahead of Huawei's.

The number of AI patent applications of Baidu has exceeded 13,000, and the number of AI patents granted has exceeded 3,600, ranking first in China in terms of AI patent applications and grants for four consecutive years. Baidu's net profit margin has fallen sharply, and Baidu's market value has shrunk dramatically.

Li Yanhong said that in just two years, the profit margin has dropped so sharply, which actually shows a determination, that is, I am willing to spend money and invest. I don't care what Wall Street thinks, and I don't care that my share price will drop by half or more. I must make it happen. Even in the most difficult time, we will stick to it. When we have 1 yuan, we will invest in technology. With 100 million yuan, we will invest in technology; With 10 billion yuan, we will still invest in technology.

Li Yanhong, a farmer, emphasizes that Baidu believes in technology and tries to change the world with it. He believes that this is an era of re-crowning scientific and technological innovation, and only by constantly investing in technological innovation can we seize the opportunity belonging to Baidu.