Tencent Holding the prominent Chinese company known for its social media and video gaming ventures, is gearing up to unveil its latest artificial intelligence (AI) foundation model named “Hunyuan.”
This exciting launch is set to take place at an upcoming event scheduled for Thursday. Its entry into the competitive arena of large language models (LLMs) in the domestic market underscores its ambition to establish a dominant position in this rapidly evolving field.
China Uses AI and Chatbots
Tencent’s yearly Global Digital Ecosystem Summit is scheduled for Thursday and Friday in Shenzhen. One of the highlights of the event will be a presentation focusing on the Hunyuan model. Li Qiang a vice president managing the Government and Enterprise Business division announced at an industry conference in Chongqing on Monday that the new model has undergone several months of internal testing and will be officially launched shortly.
This information was reported by the Chinese media outlet Beijing News. This decision followed Beijing’s announcement of its initial round of approvals for generative AI services in August.
These approvals granted the go-ahead to technology companies such as Baidu and AI specialists sense time to provide chatbots similar to ChatGPT to the public.
Tencent has shared a post describing a conversation with their AI chatbot. This chatbot can also help to write promotional content. China recently started approving AI chatbots for public use.
According to a Reuters report, Tencent has been working on its own AI model called “Hunyuan” for several months. Last month, they mentioned that they were testing the model within the company.
After China allowed companies to offer AI chatbots similar to ChatGPT, which is not officially available in China. There was a new announcement about large language models (LLMs) in the country. Baidu a major Chinese tech company was the first to launch an AI chatbot similar to ChatGPT called Ernie Bot in March.
They recently decided to make it available to hundreds of millions of internet users believing it would enhance their foundational AI model. In addition to Baidu, Zhipu AI (backed by the government) and Baichuan (supported by Tencent and founded by Sogou co-founder Wang Xiaochuan) also revealed that their chatbots were no longer invite-only or in beta testing.
Tech Investment in Large Language Models (LLMs)
Tencent hasn’t shared many specifics about its upcoming foundation model including whether it will be accessible to everyone. However, Li mentioned that all of Tencent’s in-house products will incorporate or be enhanced by this new model. It has established a substantial computing center this year and is equipped with the latest graphics processing units (GPUs). Although, Li didn’t specify the exact GPU models used.
The major tech company is headquartered in Shenzhen. It is one of the Chinese Tech companies that are heavily investing in using large language models (LLMs) for industrial purposes.
Companies like Baidu and Alibaba Group Holding are also making similar investments in this area. They are focusing on industrial applications because these areas face less regulatory attention and allow them to turn their AI innovations into commercial products more rapidly.
Unlocking Large Language Models in Tech Leadership
The CEO of Baidu, Robin Li Yanhong has recommended that entrepreneurs should concentrate on making apps that utilize large language models (LLMs) rather than trying to create these models from scratch. He clarified that the real worth comes from the practical applications that are developed using these models, giving them a purpose and making them valuable.
In June, Tencent announced that they had introduced over 50 solutions powered by large language models (LLMs) for various industries like finance, media, travel, and education. During the recent earnings call, the company’s founder and CEO, Pony Ma Huateng, mentioned their commitment to innovation including generative AI.
They are providing a library of models to their partners through Tencent Cloud’s model as a service offering and they are also improving their own foundational model. Ernie 3.5, the most recent release of Baidu’s AI chatbot, is much quicker than Ernie 3.0.
According to Li, a processing speed that is twice as fast and an efficiency that is 50% higher. Additionally, he stated that a new version would soon be released by the business.
In conclusion, Tencent is a major Chinese tech company and is set to launch its new artificial intelligence model called Hunyuan. This move is part of a broader competition among tech giants in China to excel in the field of large language models (LLMs). Tencent will reveal its new model during an event in Shenzhen.
It’s important to note that they have been developing this model for a while, and it finds uses in a wide range of industries.
Furthermore, The CEO Pony Ma Huateng emphasized their commitment to innovation in generative AI and providing model libraries to partners through its Cloud. The company aims to enhance its AI capabilities and remain competitive in the ever-evolving tech company.
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