Baidu share rises due to planned IPO of AI chip division Kunlunxin

Baidu’s share price climbed strongly following news that Kunlunxin, the company’s AI semiconductor division, is planning an IPO on the Hong Kong stock exchange. The potential listing could lead to a market valuation of around €43.8 billion for the subsidiary. According to a report by The Information, prospective investors were required to purchase hardware worth [&hellip The post Baidu share rises due to planned IPO of AI chip division Kunlunxin appeared first on TechCentral.ie.