Tencent, the Chinese tech giant, is set to launch its artificial intelligence model “Hunyuan” for business use. The announcement comes after Baidu revealed its own AI-powered applications earlier this week. Tencent has been internally testing Hunyuan on advertising and fintech, and will also release an AI chatbot. The company plans to integrate Hunyuan’s capabilities with its existing products for video conferencing and social media. Chinese authorities have recently given several companies permission to release AI-powered chatbots to the public. However, the companies also face restrictions on obtaining advanced semiconductors, which hinders development. Tencent believes AI has various business use cases in tourism, finance, public services, and customer service.
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