Baidu says Wenxin will return to AI’s top tier, targets Hong Kong listing by year-end

Baidu management said Wenxin will return to the top tier of the AI industry and plans to complete its primary listing in Hong Kong by the end of this year, according to the company's second-quarter earnings-call report. Baidu reported second-quarter revenue of RMB31.3 billion, with AI-related businesses accounting for more than half of revenue for the second consecutive quarter and GPU cloud revenue up 283% year over year.

Baidu management said Wenxin will return to the top tier of the AI industry as the company continues to invest in model development. Baidu also said it plans to complete its primary listing in Hong Kong by the end of this year, according to the company’s second-quarter earnings-call report https://www.ithome.com/0/991/340.htm . Baidu reported second-quarter revenue of RMB31.3 billion. AI-related businesses accounted for more than half of revenue for the second consecutive quarter, while GPU cloud revenue increased 283% year over year. The return to the top tier remains a stated target rather than a completed milestone. IT Home https://www.ithome.com/0/991/340.htm , in Chinese