Baidu Group-SW Shares Climb Over 3% in Late Trading Following AI Computing Price Adjustments

Stock News
Mar 18

Baidu Group-SW (09888) saw its shares rise more than 3% in late trading. As of the writing of this report, the stock was up 2.52%, trading at HKD 122.2, with a turnover of HKD 979 million. The movement follows an announcement from Baidu Intelligent Cloud regarding price adjustments for its AI computing power and storage products. Driven by the rapid global development of artificial intelligence applications, demand for computing power continues to surge. This has led to significant increases in the cost of core hardware and related infrastructure. To ensure the long-term stable operation and service quality of its platform, the company is implementing structural optimizations to the pricing of certain products. Specifically, prices for AI computing power-related products and services will increase by approximately 5% to 30%, while prices for parallel file storage, among others, will rise by about 30%. Notably, on March 17th, during Baidu's AI DAY Lobster-themed event, the company unveiled its full "Lobster" product suite. This included new releases such as "Cloud Lobster," "Mobile Lobster," and "Security Lobster," alongside the launch of the new self-developed "Desktop Lobster" product, DuMate, and the world's first "Home Mini Lobster." Baidu also announced the release of several new Skills. Among them, the Baidu Search Skill has been downloaded over 45,000 times, making it the most downloaded official Skill from a global search engine and a "must-have for Lobster" users.

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