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Topic: kunlunxin

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Markets
Monday, 6/29, 05:43 AM

Baidu's AI Chip Unit Targets a $50 Billion Hong Kong IPO

  • Baidu shares jumped more than 7% after a report that Kunlunxin, its in-house AI chip unit, is aiming for a roughly $50 billion valuation in a Hong Kong IPO.
  • The figure underscores how hungry investors are for Chinese alternatives to Nvidia as US export controls bite.

kunlunxin — news and stories on this topic

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