Aug. 18 at 2:07 PM
$BIDU Jack of all trades, master of none. Discarded its monopolistic search business when going gets tough. Always chasing the new shining thing but does a half fuck job. Chased EV business and self driving years ago, now still WIP without any real tangible benefits. Announced “in house chips kirin” like Google, developed models like ERNIE that is just hanging around, and chased the lowest hanging fruit of AI rental business but still suffers QoQ revenue decline from 8.8B—> 7.3B in the most explosive period of AI buildout. Throws some triple digit percentage growth on a select subset of AI GPU cloud without showing actual revenue figures, 287% growth from what absolute number??
Comparing to
$BABA, who announced the pivot last year and really went all in with an actual direction, BIDU seemed lost in this landscape.
Mgmt’s “deliberately holding back on monetizing AI search and hope opportunities will emerge in future.” Is just icing on the cake