Tencent Says AI Model Coming This Year Is Among China’s Best

(Bloomberg) — Tencent Holdings Ltd. said it plans to unveil a proprietary artificial-intelligence model later this year that it believes will be among the best in China, an early sign the internet powerhouse expects to compete in the field against early leaders such as Baidu Inc. and SenseTime Group Inc.

Tencent executives, addressing the AI phenomenon after reporting financial results, said its progress in developing a large language model to power generative AI and other applications was going very well. The games giant has been perceived as trailing some of its domestic peers, in part because it’s said little about its efforts. Tencent has been testing the model, called Hunyuan, on services like cloud computing and search.