Baidu, boasts the highest market share and highest number of invocations in China’s fast-growing AI public cloud services market, a recent report from International Data Corporation (IDC) showed, reflecting the company’s continuous investments in building core AI technologies and new infrastructure to power industrial transformation.
The market for AI cloud services in China was valued at $166 million USD in 2019, with Baidu Cloud holding the largest share, according to the IDC report titled “China’s Artificial Intelligence Cloud Services Market Research Report (2019)”. IDC says AI capabilities have become a key consideration for users when choosing cloud services vendors, setting up the market for tremendous growth. The research firm predicts that China’s AI cloud services market will see a compound annual growth rate of 93.6% between 2018 and 2024.
According to the report, in addition to leading in market share and invocations, Baidu Cloud offers the most overall AI products and AI capabilities. Baidu also has the most capabilities in natural language processing (NLP) and strong positions in intelligent voice, facial and body recognition, conversational AI, and machine learning. Baidu Cloud is also the only vendor to have already commercialized NLP at scale as part of its cloud services, with most other vendors not charging fees for NLP capabilities until this year. In total, Baidu Cloud has opened up more than 250 AI capabilities that service 1.9 million developers, who cumulatively use these capabilities 1 trillion times per day on average.
“As an AI platform company that is focused on empowering other organizations, Baidu hopes that every enterprise, no matter how small, is able to use capabilities and services provided by our platforms, just like they were water and electricity, to quickly and easily realize intelligent transformation,” said Robin Li, the co-founder, chairman, and chief executive officer of Baidu, during a speech at the 2020 World Artificial Intelligence Conference (WAIC) on July 9.