Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO
Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion. Prospective investors were asked to buy semiconductors worth three to...
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Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: Biztoc https://a2zai.ai/bytes/baidu-shares-jump-7-as-ai-chip-arm-...
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