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