Baidu's subsidiary, Kunlun Core, is reportedly planning an initial public offering (IPO) in Hong Kong, aiming for a valuation of approximately $50 billion. This development has contributed to an over 8% rise in Baidu Group's shares. Kunlun Core, known for its AI chips, counts Tencent among its customers, with ByteDance also considering adoption. The Kunlun Core P800 chip has completed large-scale verification and has been instrumental in training the Wenxin 5.1 version on a fully domestic cluster since 2025.
Baidu's Kunlun Core Plans $50 Billion Hong Kong IPO
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