Baidu's R&D expenditure in 2023 will be 24.2 billion yuan, a year-on-year increase of 4%.

Baidu's financial report shows that R&D expenditure in 2023 will be 24.2 billion yuan, a 4% increase from 2022. This increase is mainly due to the increase in server depreciation expenses and server rack fees to support generative AI R&D investment. In addition, Baidu's Wenxin Yiyan usage and Wenxin Da Model API calls have maintained rapid growth.