Baidu’s Apollo Go and Swiss Post’s PostBus have launched AmiGo, an on-demand Level 4 autonomous mobility trial in Eastern Switzerland, following a special operating permit from Swiss regulator FEDRO for open-road testing across an approximately 80 km service area. This collaboration marks a step in Baidu’s international rollout of autonomous public transport. The Swiss Level 4 permit strengthens the long-term Apollo Go story but does not meaningfully change the near-term catalyst, which is whether Baidu can improve profitability from AI search and cloud while reversing recent compression in group margins. Among recent announcements, Baidu’s first ever dividend policy and the new US$5,000,000,000 buyback authorization stand out. Together with the Swiss Apollo Go permit, they frame a mixed picture for catalysts: management is returning capital even as earnings have been pressured by heavy AI and autonomous driving investment. Baidu's narrative projects CN¥153.1 billion revenue and CN¥20.8 billion earnings by 2029. Bullish analysts were already assuming Baidu could reach about CN¥210,100,000,000 in revenue and CN¥38,600,000,000 in earnings.