Baidu Is Said to Weigh Hong Kong IPO for AI Chip Unit Kunlunxin

Baidu Inc. is considering listing its Kunlunxin AI chip business in Hong Kong, people familiar with the matter said, as it looks to tap investor interest in China’s attempts to design products to compete with Nvidia Corp.

Kunlunxin, which makes chips that power servers in data centers, is valued at at least $3 billion, the people said, asking not to be identified because the information is private. Deliberations are at an early stage and details such as the IPO timing and size are uncertain, the people said.

AI chips on display at the Kunlunxin booth at the World Artificial Intelligence Conference in Shanghai.

Source: VCG/Getty Images

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