Pentagon Accuses Baidu of Collaborating with Chinese Military

Baidu 's AI chip developer Kunlunxin plans to hold an IPO in Hong Kong, aiming for a $50 billion valuation — The Information

Baidu plans an IPO of its chip division Kunlunxin by the end of the year

Baidu shares rose more than 2% in premarket trading Monday after the Chinese internet giant reported first-quarter revenue and earnings that topped analyst expectations, with its AI-powered business emerging as a key growth driver. Revenue came in at 32.08 billion yuan, ahead of the 31.49 billion yuan consensus estimate. Adjusted profit per American depositary receipt of 12.06 yuan edged past the 11.84 yuan forecast.

Kunlunxin, Baidu's chip unit, plans to hold an IPO in Shanghai and Hong Kong

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