Baidu shares rise 4.27% in premarket after upgrading its Wenxin model with self-developed Kunlun P800 chip.

Baidu, Inc. surged 4.27% in premarket trading, driven by the company's upgrade of its Wenxin large model using its self-developed Kunlun P800 chip, partially replacing NVIDIA chips, and the release of the Wenxin large model X1.1, which showed significant improvements in various metrics. Additionally, Baidu was included in the Hang Seng Corporate Sustainability Index, with its AI technology driving its ESG rating to AA. The company also expects its AI new business revenue to exceed 100 billion yuan in the second quarter of 2025, with a year-on-year growth of 34%, and its Luobo Kuaipao autonomous driving service usage increasing by 148%.