Baidu has released its financial reports for the fourth quarter and full year of 2023. According to the financial report, Baidu's total revenue in 2023 was 134.598 billion yuan, a year-on-year increase of 9%, and its net profit was 28.7 billion yuan, a year-on-year growth rate of 39%. On the overnight US stock market, Baidu plummeted 8.05%. In early trading today, Baidu Group fell nearly 5% in the Hong Kong stock market. Robin Lee, the founder, chairman and CEO of Baidu, said at the performance meeting that the market for big language models is huge. At present, it is still in a very early stage, and there is still much room for innovation.