Seize the opportunity of new infrastructure, AI new business will become Baidu revenue growth in the next few years an important driving force. August 14,2020, Baidu released its unaudited second-quarter financial report as of June 30,2020. The results show, Second quarter 2020, Baidu achieved revenue of 26.03 billion yuan, Operating profit (Non-GAAP)5.6 billion yuan, Up 187% year on year, 5.08 billion yuan net profit (Non-GAAP), An increase of 40% over the same period last year. Revenue, profit indicators are supermarket average expectations. It is worth mentioning that, AI new business to achieve double-digit growth. Baidu CFO Yu Zhengjun said on the call:
First of all, baidu AI's new competitiveness has been formed in Baidu's new infrastructure business. In terms of core technology research and development, baidu Wenxin (Ernie) technology and platform for knowledge enhanced semantic understanding won sail award, the highest award of the Congress. In the first half of 2020, baidu published more than 190 papers. In terms of patents, Baidu has applied for more than 10000 AI patents worldwide. Recently, baidu Research Institute has added two new laboratories, biological computing and security, to further expand the scope of AI prospective research. The report of the global authoritative consultancy IDC released in July 14th shows that in China's AI public cloud service market, Baidu Intelligent Cloud ranks first in the overall volume and market share, with the largest number of AI products. Baidu intelligent cloud is ranked number one in NLP, Natural Language Processing, image and video. At present, Baidu has opened 269 AI capabilities, serving 2.1 million developers, and the average daily adjustment amount has exceeded 1 trillion times. More than 90 thousand enterprises have created more than 295 thousand models through Baidu PaddlePaddle, and the paddle has become an important part of AI infrastructure.
(IDC report shows that Baidu intelligent cloud has the most abundant AI capacity, and the overall volume and market share are ranked first).
The continuous lead of AI capability enables Baidu intelligent cloud to take the lead in many industries. According to the two market reports released by IDC in late July, Baidu's Intelligent Cloud market share is the first in the field of industrial quality inspection. In the video cloud market, Baidu Intelligent Cloud market share ranked third, an increase of 59.3% over the same period, significantly higher than the overall growth rate of the industry.
Especially noteworthy is that since June, Baidu intelligent cloud has signed a number of new capital construction lists. State Grid, Pudong Development Bank, Pudong New Area and China building materials are working with Baidu Intelligent Cloud in smart energy, smart finance, smart city, intelligent manufacturing, etc. Among them, Baidu Intelligent Cloud and China Building Material Group have carried out deep cooperation in many fields, such as digital mine, intelligent logistics, intelligent factory, industrial driverless, data center new infrastructure, enterprise AI brain and so on.
On august 5th baidu CTO wang haifeng said at the wuxi conference on scientific and technological achievements of industry-university-research cooperation that baidu is exporting its leading AI capabilities to all walks of life through an intelligent cloud based on baidu's brain. Baidu Smart Cloud
Baidu announced in the second quarter that it will continue to invest more in new infrastructure AI data, computing power and talent over the next decade through