Baidu's Li Yanhong: Strong Q2 Kunlun Chip Demand, Three AI Chip Generations Done, M100 and M300 Planned

On the evening of August 18, during a conference call following Baidu's earnings release, an analyst asked about the listing progress of Kunlun Chip. A Baidu executive responded that the company's listing process is still advancing, and any further disclosures will be shared with the market as soon as they become available.

AI computing demand continues to grow in both training and inference scenarios, with inference demand accelerating. The Chinese market will continue to create long-term structural growth opportunities for the chip industry.

Baidu disclosed that since 2025, Kunlun Chip has delivered multiple P800 clusters at the 10,000-card scale, deployed across industries including internet, finance, energy, and manufacturing, with delivery scales ranging from tens of cards to tens of thousands of cards. Kunlun Chip's inference throughput and overall computing efficiency have further improved, and its ability to support diverse, demanding AI workloads at scale has been enhanced. Based on support for ERNIE and mainstream domestic foundation models, Kunlun Chip will further cover updated model versions such as Kimi K3 and GLM 5.2 in the second quarter of 2026.

Kunlun Chip has now completed the development and commercialization of three generations of AI chips. It will continue to advance its product roadmap, including the latest M100 optimized for large-scale inference and the future M300.