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STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

What’s Come of Baidu’s Research and Development Spending

Naomi Gray
Updated
What’s Come of Baidu’s Research and Development Spending

At The Wall Street Journal‘s D.Live technology conference last year, Baidu (BIDU) CEO Robin Li said that the company spends ~15% of its annual revenue on research and development, with almost the entire budget going to AI initiatives. And what has come out of that? The top AI patent applicant in China. Forbes, citing the Patent Protection Association of China, reported that Baidu has filed 2,368 AI patent applications. In comparison, Microsoft (MSFT) has filed 1,648 AI patent applications, Tencent (TCEHY) has filed 1,168, and Samsung (SSNLF) has filed 1,047.

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