K3SD Baidu Inc Sponsored ADR Class A

Baidu Leads the Way in Innovation with 5,712 Artificial Intelligence Patent Applications

Baidu Leads the Way in Innovation with 5,712 Artificial Intelligence Patent Applications

BEIJING, Dec. 07, 2019 (GLOBE NEWSWIRE) -- Baidu, Inc. (NASDAQ: BIDU) has filed the most AI-related patent applications in China, a recognition of the company’s long-term commitment to driving technological advancement, a recent study from the research unit of China’s Ministry of Industry and Information Technology (MIIT) has shown.

Baidu filed a total of 5,712 AI-related patent applications as of October 2019, ranking No.1 in China for the second consecutive year. Baidu’s patent applications were followed by Tencent (4,115), Microsoft (3,978), Inspur (3,755), and Huawei (3,656), according to the report issued by the China Industrial Control Systems Cyber Emergency Response Team, a research unit under the MIIT.

“Baidu retained the top spot for AI patent applications in China because of our continuous research and investment in developing AI, as well as our strategic focus on patents,” said Victor Liang, Vice President and General Counsel of Baidu.

“In the future, we will continue to increase our investments into securing AI patents, especially for high-value and high-quality patents, to provide a solid foundation for Baidu’s AI business and for our development of world-leading technology,” he said. 

The report showed that Baidu is the patent application leader in several key areas of AI. These include deep learning (1,429), natural language processing (938), and speech recognition (933). Baidu also leads in the highly competitive area of intelligent driving, with 1,237 patent applications, a figure that surpasses leading Chinese universities and research institutions, as well as many international automotive companies. With the launch of the Apollo open source autonomous driving platform and other intelligent driving innovations, Baidu has been committed to pioneering the intelligent transformation of the mobility industry.

After years of research, Baidu has developed a comprehensive AI ecosystem and is now at the forefront of the global AI industry. Moving forward, Baidu will continue to conduct research in the core areas of AI, contribute to scientific and technological innovation in China, and actively push forward the application of AI into more vertical industries. Baidu is positioned to be a global leader in a wave of innovation that will transform industries.

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. Baidu aims to make the complicated world simpler for users and enterprises through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU.” Currently, ten ADSs represent one Class A ordinary share.

Media Contact

A photo accompanying this announcement is available at

EN
06/12/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Baidu Inc Sponsored ADR Class A

Greater China Research Team ... (+2)
  • Greater China Research Team
  • Tham Mun Hon

Greater China Strategy Alpha Picks: February Conviction Calls.

Chinese equities recovered in January, with the HSI and MSCI China rising 6.9% and 5.0% mom respectively. Given the supportive macro policy environment, we maintain a constructive view on the markets despite the risk of further volatility in February. Accordingly, we are adding Alibaba, Ganfeng Lithium, and Minth to our BUY list, and Meituan to our SELL list.

Julia Pan Mengyao
  • Julia Pan Mengyao

China Internet. Deeper Dive Into Agentic AI And The Rise Of AI Super A...

To-C applications growth is accelerating among mega-cap players with super apps, while emerging unicorns focus on To- B and To-prosumers in specific AI scenarios/verticals and on physical AI in verticals such as mobility and smartphone. For the next 6-12 months, we are eyeing key AI narratives: a) rollout of super apps leveraging on agentic AI, b) leading LLMs in specific verticals unlocking monetisation potential, and c) key drivers of cloud revenue growth. Maintain OVERWEIGHT. Top BUYs: Baidu,...

Julia Pan Mengyao
  • Julia Pan Mengyao

China Internet: Deeper dive into agentic AI and the rise of AI super a...

Highlights  To-C applications growth is accelerating among mega-cap players with super apps, while emerging unicorns focus on To-B and To-prosumers in specific AI scenarios/verticals and on physical AI in verticals such as mobility and smartphone. For the next 6-12 months, we are eyeing key AI narratives: a) roll-out of super apps leveraging on agentic AI, b) leading LLMs in specific verticals unlocking monetisation potential, and c) key drivers of cloud revenue growth. Over time, we expect fur...

Jin Yoon
  • Jin Yoon

BIDU 4Q25 Preview: Outlook Remains Intact

What’s New: We maintain our Baidu Core total rev estimates as YoY decline in ads could continue to narrow in 4Q25. AI Cloud infrastructure rev growth could also remain resilient in FY25 despite tougher comps in the other subsegments of cloud. We up our PT from US$140 to US$170 partly due to multiples rerating on AI including a potential IPO of its chip business in 2026. Our updated PT of US$170 implies a 22.6x FY26E P/E. We maintain our BUY rating. Analysts: Jin Yoon

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

China Internet: Strong AI-driven IPO Wave Set To Unfold In 2026.

We reckon that the AI wave is driven by key themes including: a) recurring AI LLM/applications and cloud revenue growth, and b) a wider deployment of proprietary and data driven AI agents by vertical players to strengthen competitive moats. Amid an uncertain competitive backdrop, we opine that cloud hyper-scalers are key beneficiaries underpinned by their ecosystem scale and technological capabilities, underscoring growing investor confidence in the AI-driven sector’s re-rating. Maintain OVERWEI...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch