Baidu launches token exchange to create neutral marketplace for large model trading

Baidu founder Robin Li unveiled Token Exchange at Baidu World 2026, a new service platform designed to address developer and enterprise concerns regarding model selection and trust. The platform mimics the structure of a stock exchange, aiming to establish a neutral and reliable venue for the trading and distribution of large models. To ensure resource integrity, Token Exchange employs rigorous screening, including comprehensive admission testing covering model capability and performance metrics. It also maintains continuous monitoring to prevent practices like false parameter claims or model substitution. Furthermore, the system features a transparent credit evaluation, scoring providers across dimensions like security compliance and service quality, with all data becoming public credit records. Initial adoption has shown strong traction; within one month of its launch, the platform facilitated over 100 resource listings and recorded average daily Token invocations surpassing 70 billion.