Baidu's upcoming first-quarter earnings report is expected to highlight growth in its AI cloud services and provide updates on the potential IPO of its Kunlunxin chip unit.

Baidu’s (BIDU) Kunlunxin chip unit is attracting interest from ByteDance, potentially ahead of its anticipated initial public offering.

ByteDance is reportedly in discussions with Chinese companies Iluvatar CoreX and Baidu's Kunlunxin to procure AI chips. This move indicates ByteDance's efforts to diversify its chip supply for its artificial intelligence operations.