Tencent releases AI model for businesses as competition in China heats up

Tencent unveiled its AI model "Hunyuan" for businesses at the World AI Conference in Shanghai on July 8.
The release comes after Baidu revealed new AI products amid supportive regulation in China.
Tencent is integrating Hunyuan into existing products like WeChat and Tencent Meeting.
The company sees constraints from US chip export controls slowing AI development.
Tencent believes industry-specific AI training is key for businesses to generate value.

cnbc.com

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