Baidu's Kunlun Chip is about to enter a new phase - this subsidiary specializing in AI chips is expected to raise up to $2 billion USD through an IPO in Hong Kong. This news has been confirmed by multiple sources as Kunlun Chip is currently in the process of selecting underwriters for this share offering.

This move is significant for Kunlun Chip, indicating that the company is preparing to scale up its operations and solidify its position in the global AI chip market. With the enormous capital from the IPO, Kunlun Chip will have the capacity to accelerate technology development and enhance its competitiveness in the artificial chip field.

Kunlun Chip has become a key piece in Baidu's AI chip development strategy, and going public in Hong Kong will help the company access additional funding to pursue more ambitious projects.