Tencent Unveils AI Model for Businesses as Competition Peaks in China

Chinese tech giant Tencent will launch its “Hunyuan” artificial intelligence model for enterprises at its annual summit on Thursday, said Dowson Tong, chief executive of Tencent’s cloud and intelligence industry group. The news comes a few days after Baidu unveiled a slew of AI-powered apps on Tuesday because of more supportive regulation. Tencent said it…

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Alibaba said that it is working on creating a ChatGPT rival

As many tech companies are showing growing interest in chatbot hype, Chinese e-commerce giant Alibaba said that it is working on creating a rival to ChatGPT. A company spokesperson said, “We are working on a ChatGPT-like technology and it is currently being tested internally.” With this statement Alibaba shares jumped by 3% in pre-market trade in the…

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