Baidu Inc.'s Chief Financial Officer Henry He said the company's AI-driven revenue, now more than half of its sales, could soon generate profits and cash payback on par with its legacy search business…
Baidu's market capitalization fell to roughly $31 billion after its shares dropped 12.73% to $90.87 on August 18, following second-quarter results that showed a 68% net income decline to Rmb 2.3 billi…
Baidu reported second-quarter net profit attributable to shareholders fell 68% to RMB 2.32 billion on revenue of RMB 31.3 billion ($4.6 billion), down 4% year over year, while GPU cloud revenue surged…
Baidu executives told investors on its Q2 earnings call that Chinese customers are increasingly seeking domestic AI chips due to constrained supply, boosting confidence in its Kunlunxin chip business.…
At WAIC 2026, nearly every major Chinese AI hardware vendor showcased a supernode design, a sharp contrast to the previous year when Huawei stood alone. The shift follows the publication of the first …
Baidu is preparing to take its AI chip subsidiary Kunlunxin public on the Hong Kong Stock Exchange, targeting a $50 billion valuation. The spin-off aims to highlight Kunlunxin's standalone value amid …
Baidu is spinning off its AI chip subsidiary Kunlunxin into a standalone public company, targeting a valuation of up to $50 billion in a Hong Kong IPO. The move capitalizes on China's push for semicon…
Chinese chipmaker Kunlunxin is targeting a $50 billion initial public offering in Hong Kong and has asked prospective IPO investors to commit to purchasing its AI semiconductors, according to a report…
Baidu's AI chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and has asked prospective investors to commit to purchasing its semiconductors, blurring the line between shareholder and custom…
Baidu is pursuing full-stack AI capabilities by building its own chips, models, and cloud infrastructure while gaining access to restricted Nvidia H200 GPUs. The company's Kunlunxin chip unit could be…
China's securities regulator is pushing artificial intelligence companies to list on domestic and Hong Kong exchanges, reshaping capital-raising for the tech sector. Over 85% of Chinese AI-related IPO…
ByteDance is in talks to buy at least 50,000 AI chips from Chinese GPU maker Iluvatar CoreX this year, aiming to reduce dependence on Nvidia amid US export controls. The chips would primarily serve in…
ByteDance, TikTok's parent company, is negotiating to buy at least 50,000 AI inference GPUs from Shanghai-based Iluvatar CoreX, as US export controls push Chinese tech firms to diversify away from Nvi…