Baidu, a Chinese tech giant, has announced plans to spin off its AI chip unit, Kunlunxin, for a potential listing on the Hong Kong stock exchange. Kunlunxin specializes in developing semiconductors for artificial intelligence applications. The move is part of Baidu’s strategy to focus on its core business and boost its AI capabilities.

Read more at Investing.com: Baidu proposes spinoff of AI chip unit Kunlunxin on Hong Kong exchange