At Baidu's Q3 2024 earnings conference call, Baidu's founder, Chairman, and CEO Robin Li announced a significant development: Baidu intends to launch a new version of its Wenxin large model in early 2025, aiming to further strengthen its leading position in the foundational model sector.

During the meeting, Robin Li emphasized that the Wenxin large model has achieved remarkable success through continuous enhancement of its capabilities, extensive application scenarios, and significant improvements in cost efficiency. Notably, its average daily invocation reached an astonishing 1.5 billion in November, and the number of tokens processed daily exceeded 1.7 trillion. Compared to the 50 million daily invocations disclosed a year ago, this marks a 30-fold increase, highlighting the robust market performance of the Wenxin large model.

Throughout the third quarter, Baidu has continuously iterated and optimized the capabilities of the Wenxin large model, consistently enhancing its efficiency. Leveraging Baidu's proprietary four-layer artificial intelligence technology stack, the flagship model Wenxin 4.0 Turbo has seen a significant improvement in inference efficiency. Since its release in June, the model's performance has increased by 48%, providing robust support for the Wenxin large model's application across a wider range of scenarios.

Additionally, Baidu released its Q3 2024 financial report. The report indicated that the company achieved total revenue of 33.6 billion yuan for the quarter, with core revenues reaching 26.5 billion yuan and a net profit attributable to core operations of 7.54 billion yuan, marking a 17% year-over-year increase and surpassing market expectations. This accomplishment is attributed not only to Baidu's ongoing investment and innovation in artificial intelligence technologies but also to the outstanding performance of key products such as the Wenxin large model.