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Baidu’s AI Chip Unit Kunlunxin Files Confidentially for Hong Kong IPO

Baidu said on Friday that its artificial intelligence chip arm, Kunlunxin, has confidentially filed a listing application with the Hong Kong Stock Exchange on January 1, paving the way for a potential spin-off and separate public listing. The move follows an earlier report by Reuters that Kunlunxin was preparing for a Hong Kong initial public […]

Poland urges Brussels to probe TikTok over AI-generated content

Poland has asked the European Commission to investigate TikTok after the platform hosted artificial intelligence–generated content calling for Poland to leave the European Union, which authorities said was almost certainly Russian disinformation. Polish officials said a TikTok profile featuring videos of young women dressed in Polish national colours and promoting an exit from the EU […]

China’s CXMT eyes $4.2 billion Shanghai listing to fund DRAM expansion

China’s leading dynamic random access memory (DRAM) chipmaker ChangXin Memory Technologies (CXMT) said on Tuesday it plans to raise 29.5 billion yuan ($4.22 billion) through an initial public offering in Shanghai, as it seeks to expand production and narrow the gap with global rivals. According to its prospectus, CXMT will issue 10.6 billion shares, with […]