Currently,
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Currently,
Notably,
Baidu announced on Aug 27 to convert its HK secondary listing to dual primary listing, effective Sep 1, 2026, becoming the first full-stack AI dual-primary listed firm on Nasdaq and HKEX. No new share issuance or fundraising; cash/investments hit RMB283.1B by end-June 2026; operating cash flow positive for 4 quarters. Earliest Stock Connect inclusion likely Sep 7.....
Baidu Q2 2026 revenue: 31.3B yuan; core revenue 25.2B yuan, AI accounted for 50% for two straight quarters. CEO says Baidu is accelerating AI-first transformation. AI cloud revenue 7.3B yuan (+50% YoY); GPU cloud +283% YoY, triple-digit growth for 4 quarters. IDC: Baidu AI Cloud leads in finance/gaming.....
Sun Tianxiang joins Baidu as head of Basic Model R&D, entering the Model Committee. Baidu has split its LLM R&D into Basic and Application Model departments, with the former focused on Wenxin foundation model breakthroughs, strengthening organizational and talent layout to accelerate tech iteration.....
Baidu open-sources a 3B-parameter end-to-end OCR model called Unlimited OCR, specifically designed for long documents such as books and papers. The project exceeded 10,000 GitHub stars within 5 days and topped four trending lists. Technically, the model activates approximately 570M parameters, and it innovatively introduces the Reference Sliding Window Attention mechanism, breaking the limitation of page-by-page stitching, supporting continuous parsing of dozens of pages at once, and significantly improving the efficiency of processing long documents.
Baidu's AI chip company, Kunlun Chip, is advancing its plan to go public in Hong Kong, with a target valuation of $50 billion. As a core component of Baidu's AI hardware ecosystem, its listing not only marks a milestone in its capitalization but also injects new variables into the global AI computing power competition. Kunlun Chip has launched multiple generations of self-developed cloud AI chips, which have drawn significant attention from the industry.