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

Sep 07, 2023 - cnbc.com
Chinese tech giant Tencent is launching its AI model "Hunyuan" for business use, with applications in advertising and fintech. The company is also set to release an AI chatbot, and is integrating Hunyuan's capabilities with its existing products for video conferencing and social media. This comes after Baidu and other Chinese companies received approval to release AI-powered chatbots to the public, following new Chinese regulation on generative AI.

Tencent's CEO, Dowson Tong, highlighted the need for industry-specific training for AI to generate value, citing use cases in tourism, finance, public services, and customer service. He also noted that the company is facing constraints due to U.S. restrictions on obtaining advanced semiconductors, which are crucial for training AI models. Despite this, he expressed hope that the supply of the necessary technology will increase in the coming months, allowing for faster development of these technologies.

Key takeaways:

  • Tencent is launching its AI model "Hunyuan" for business use, with capabilities integrated into its existing products for video conferencing and social media.
  • The company is also set to release an AI chatbot, following new Chinese regulation on generative AI that took effect in August.
  • Chinese companies, including Tencent, face U.S. restrictions on obtaining advanced semiconductors, which are crucial for training AI models.
  • Tencent's CEO, Dowson Tong, believes that businesses can benefit from leveraging open-source models and using their own enterprise data for industry-specific AI training.
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