Baidu Wenxin is fully open to the whole society.

On Wednesday, August 30th, Wall Street News learned that Dolphin Research will be fully open to the public on August 31st. Users can download the "Dolphin Research APP" from the app store or visit the "Dolphin Research official website" (https://yiyan.baidu.com) to experience it. In addition, Baidu will also open a batch of newly reconstructed AI native applications, allowing users to fully experience the four core capabilities of generative AI: understanding, generation, logic, and memory.

On March 16th of this year, Dolphin Research started its invitation testing. As the first generative AI product released by a global tech giant, Dolphin Research's base model, the Wenxin Large Model, was first released in China as early as 2019. Baidu's founder, chairman, and CEO, Robin Li, stated that when Dolphin Research is opened to hundreds of millions of internet users, it will receive a large amount of real-world feedback, which will further improve the base model and iterate Dolphin Research at a faster pace, creating a better user experience.

The emergence of ChatGPT, a phenomenal product, has sparked a wave of generative AI industry both domestically and internationally. According to People's Daily, there are currently more than 80 large-scale language models developed in China. Major tech companies, universities, and telecommunications equipment manufacturers are among the main participants in model development. According to incomplete statistics, as of May this year, more than 40 domestic companies and institutions in China have released generative model products or announced generative model development plans. The explosive growth in the number of large-scale model projects highlights the rapid development of generative AI services in China.

However, the development of the generative AI industry has also brought a series of problems, causing concerns from regulatory agencies around the world about the potential risks in this technological field. Relevant regulatory policies are gradually being implemented. The "Interim Measures for the Management of Generative AI Services" jointly issued by the Cyberspace Administration of China and six other departments officially came into effect on August 15th. This is also China's first regulatory policy specifically targeting the generative AI industry. The "Interim Measures for the Management of Generative AI Services" clearly defines the activities that generative AI service providers should carry out in accordance with the law, the regulations they should comply with, and the specific service standards, thereby implementing supervision, inspection, and legal responsibilities.

Earlier this month, according to China Securities Journal, industry insiders stated that due to the implementation of the "Interim Measures for the Management of Generative AI Services" policy, domestic large-scale model manufacturers such as Baidu, 360, and Alibaba are expected to enter the fast lane of development.

On August 12th, the Research Center for Chinese Enterprise Development of Xinhua News Agency Research Institute released the "Artificial Intelligence Large-scale Model Experience Report 2.0," evaluating the most popular domestic general large-scale model applications such as Baidu's Wenxin Yiyuan and Alibaba's Tongyi Qianwen. The final results showed that Xunfei Xinghuo ranked first with a total score of 1013, obtaining the first place in two dimensions of the four evaluation dimensions: IQ index and tool efficiency index. Baidu's Wenxin Yiyuan and SenseTime ranked second and third, respectively.

During Baidu's earnings conference call last week, Robin Li focused on one of Baidu's core products, Wenxin Yiyuan. Robin Li stated that the company is waiting for regulatory approval and has not yet determined the specific launch time, but he is optimistic about the regulatory environment. Generative AI and large language models have demonstrated tremendous transformative potential in various industries, bringing broad market opportunities to Baidu.

In the first half of this year, Baidu updated the Wenxin model to version 3.5 and plans to launch version 4.0 by the end of the year. This large language model has been applied in multiple business areas of Baidu, including Baidu Search, Baidu App, Baidu Wenku, Baidu E-commerce, Baidu Marketing, Baidu Union, Baidu Maps, Baidu Cloud Storage, and Baidu AI Smart Cabin.

Baidu ADR's intraday gain on Wednesday widened to 5.5% at one point, but later narrowed down. It outperformed the broader market.

Earlier this year, Morgan Stanley named Baidu the "best" AI company in China, believing that Baidu will benefit the most from AI tools helping the 7.4 trillion US dollar consumer market in China transition from offline to online. Morgan Stanley upgraded Baidu's rating to "buy" and raised the target price to 190 US dollars, about 30% higher than the current price.