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Baidu's $50 Billion AI Chip IPO Exposes a Deeply Undervalued Core Business

1 months ago

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China's Baidu, betting on AI, posts fifth straight quarterly revenue drop

Baidu's quarterly revenue fell for a fifth consecutive quarter, as the company bets on AI services to drive long-term growth.

BIDU

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JD.com's AI growth stayed solid in its latest earnings, though consumer headwinds persist. Alibaba's cloud growth and Baidu's setup into its report will shape the Chinese AI trade's global tech impact...

BABA

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Baidu's AI chip unit Kunlunxin targets $50 billion Hong Kong IPO, The Information reports

Baidu's AI chip unit Kunlunxin targets a $50 billion Hong Kong IPO, per The Information. The listing could unlock value for Baidu shareholders and fund chip expansion.

BIDU

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Baidu: The AI Re-Rating Has Begun

Baidu's AI Cloud Infrastructure revenue surged 79% YoY, while GPU Cloud and Apollo Go autonomous rides grew 184% and 120% respectively. AI now accounts for 52% of General Business revenue as the compa...

BIDU