是说芯语·2026-02-15 04:01Core Viewpoint - Kunlun Core, a subsidiary of Baidu, is set to launch an IPO on the Hong Kong Stock Exchange, with a post-investment valuation of 21 billion yuan after its D-round financing in July 2025 [2] Group 1: Company Overview - Kunlun Core was established from Baidu's AI chip and architecture department, with technology development dating back to 2011 when Baidu began developing AI accelerators [2] - The company officially launched its AI chip "Baidu Kunlun" in July 2018, marking its entry into the AI chip market [2] - Kunlun Core completed independent financing in April 2021, with a first-round valuation of approximately 13 billion yuan [2] Group 2: Product Development - Kunlun Core has developed the Kunlun XPU architecture for general AI computing, focusing on practical AI application needs [3] - The company has successfully launched two generations of AI processors and multiple AI accelerator cards, with ongoing development of new products [3] Group 3: Market Position and Growth - Kunlun Core has achieved large-scale deployment of its products across various sectors, serving hundreds of clients and reaching billions of end users [5] - Approximately 40% of Kunlun Core's customers are external, including internet giants and state-owned enterprises [5] - Baidu's founder emphasizes the rapid iteration of large model technology as a key competitive advantage, with ongoing investments in advanced models [5] Group 4: Future Product Plans - Kunlun Core plans to launch the M100 chip in early 2026, optimized for large-scale inference scenarios, and the M300 chip in early 2027 for ultra-large-scale multi-modal model training and inference [6] - The company aims to provide powerful, low-cost, and self-controlled AI computing power for Chinese enterprises, highlighting its strategic position in ensuring domestic AI computing autonomy [6]