Kunlunxin AI Chip Unit Plans Hong Kong IPO

Baidus AI chip unit, Kunlunxin, plans Hong Kong IPO, aiming for early 2027 completion. Recent funding round valued company at $2.97 billion. Kunlunxin, started in 2012, now independently operated with Baidu holding majority stake. Revenue expected to surpass $350 million this year, aiming to break even. Half of 2025 revenue projected from external sales, with advanced chips like P800 gaining traction in data center projects. New AI chips, M100 and M300, set for 2026 and 2027 launches.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.