Baidu's Kunlun chip is set to go public in Hong Kong, with a valuation target of 50 billion USD

According to the Science and Technology Innovation Board Daily, Baidu Group's stock price strengthened today, rising over 8%. It is understood that Baidu's Kunlun Core plans to go public in Hong Kong, with a target valuation of about 50 billion USD. Insiders revealed that Tencent has become a customer of Kunlun Core, and ByteDance is also considering adopting its AI chips. Currently, the Kunlun Core P800 has completed large-scale verification, and since 2025, it has delivered multiple ten-thousand-card clusters and completed important version training of Wenxin 5.1 on national production clusters.