• Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Finance

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

by
September 7, 2023
in Finance
0
Tencent releases AI model for businesses as competition in China heats up
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Chinese tech giant Tencent is launching its artificial intelligence model “Hunyuan” for business use at an annual summit on Thursday, Dowson Tong, CEO of the cloud and smart industries group at Tencent, told CNBC in an exclusive interview ahead of the event.

The news comes days after Baidu revealed a slew of AI-powered applications on Tuesday in the wake of more supportive regulation.

Tencent has said it was internally testing its Hunyuan AI model on advertising and fintech. The gaming and social media giant is also set to release an AI chatbot on Thursday, the company said in an online post.

Tencent is integrating Hunyuan’s capabilities with its existing products for video conferencing and social media, Tong told CNBC.

The company operates WeChat, a widely used messaging and payments app in China, and video conference platform Tencent Meeting.

Baidu and several other Chinese companies received the green light in the last few weeks to release AI-powered chatbots to the public.

Similar to ChatGPT, the bots purport to respond to queries in a human-like, conversational fashion — but primarily in Chinese. Some, such as Baidu’s Ernie bot, also convert text to images and video, with the help of plugins.

OpenAI’s ChatGPT isn’t officially available in China. The chatbot releases follow new Chinese regulation on generative AI that took effect Aug. 15.

When asked about the rules, Tong pointed out that such artificial intelligence is so new that no one knows what impact it will have on society.

A Huawei 7nm chip will likely impact Apple's sales in China, says Cowen's Krish Sankar

“It’s prudent to put in some guardrails in place,” he said. That will help make sure the technology or the services being offered are of high enough quality so they don’t create and distribute false information, he said.

Chinese authorities said the “interim” rules that took effect last month would not apply to companies developing the AI tech as long as the product was not available to the mass public.

That’s more relaxed than a draft released in April that said forthcoming rules would apply even at the research stage.

Development constraints

While Beijing has shown it is more supportive of generative AI than initially feared, Chinese companies also face U.S. restrictions on obtaining advanced semiconductors. The most cutting edge versions of the high-tech chips, known as graphics processing units (GPUs), allow companies to train AI models.

“The constraint that we’re facing will hinder the progress, the speed of development,” Tong told CNBC in response to a question about U.S. restrictions.

Can China's ChatGPT clones give it an edge over the U.S. in an A.I. arms race?

He noted demand for computing power overall far exceeds supply in China. To mitigate the shortage, he said companies are “focusing on specific use cases, building models of the appropriate size.”

“And we are hoping that the supply of the GPU compute will be larger in the coming months, and therefore the development of these technologies can get faster.”

AI for business

Tencent is just one of many companies in China — ranging from startups to phone maker Huawei — that have rushed to announce AI products this year. In August, Alibaba announced it was opening its own AI model to third-party developers.

Artificial intelligence requires industry-specific training for the technology to generate value, Tencent’s Tong said. He listed business use cases in tourism, finance, public services and customer service.

“We believe many different customers, in fact, would benefit more by leveraging open-source models and use their own enterprise data to train for their own models to meet the very specific needs in their industrial use cases,” he said.

That designated use can also help with data protection, he said.

Related

Tags: Alibaba Group Holding LtdBaidu IncBreaking News: Technologybusiness newsBusinessesChinacompetitionheatsMarket InsiderMarketsModelreleasesStock marketsTechnologyTencentTencent Holdings Ltd
Previous Post

44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?

Next Post

New study finds alarming rise in cancer rates among people under 50

Next Post
New study finds alarming rise in cancer rates among people under 50

New study finds alarming rise in cancer rates among people under 50

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 131 Followers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Weekend-only exercise can still offer major health benefits, study finds

Weekend-only exercise can still offer major health benefits, study finds

November 25, 2023
Ethereum Price To Reclaim $1,300, What Are The Possibilities?

Ethereum Price To Reclaim $1,300, What Are The Possibilities?

0
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

0
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

0
Wealthy Chinese keep on spending while others cut back, survey finds

Wealthy Chinese keep on spending while others cut back, survey finds

0
Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

December 4, 2023
Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

December 4, 2023

Recent News

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a gap-up start; Asian shares trade mixed – The Economic Times

December 4, 2023
Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024

December 4, 2023

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Arts & Entertainment, Music
  • Arts & Entertainment, Photography
  • Business
  • Business, Careers
  • Business, Customer Service
  • Business, Home Based Business
  • Business, Marketing
  • Business, Sales
  • Communications, Mobile Phones
  • Computers, Data Recovery
  • Computers, Games
  • Computers, Hardware
  • Crypto News
  • Disease & Illness, Breast Cancer
  • Fashion, Jewelry
  • Finance
  • Finance, Credit
  • Finance, Currency Trading
  • Finance, Investing
  • Finance, Real Estate
  • Finance, Taxes
  • Food & Beverage, Coffee
  • Food & Beverage, Gourmet
  • Food & Beverage, Wine
  • Health
  • Health & Fitness, Acne
  • Health & Fitness, Cardio
  • Health & Fitness, Diabetes
  • Health & Fitness, Exercise
  • Health & Fitness, Medicine
  • Health & Fitness, Weight Loss
  • Home & Family, Crafts
  • Home & Family, Gardening
  • Home & Family, Hobbies
  • Home & Family, Holidays
  • Home & Family, Home Improvement
  • Home & Family, Home Security
  • Home & Family, Landscaping
  • Home & Family, Pets
  • Internet Business, Affiliate Programs
  • Internet Business, Audio-Video Streaming
  • Internet Business, Blogging
  • Internet Business, Ecommerce
  • Internet Business, Email Marketing
  • Internet Business, Podcasts
  • Internet Business, SEO
  • Internet Business, Site Promotion
  • Internet Business, Web Design
  • Politics
  • Politics, Commentary
  • Politics, Current Events
  • Product Reviews, Book Reviews
  • Product Reviews, Consumer Electronics
  • Product Reviews, Movie Reviews
  • Product Reviews, Music Reviews
  • Recreation & Sports, Biking
  • Recreation & Sports, Fishing
  • Recreation & Sports, Martial Arts
  • Reference & Education, College
  • Reference & Education, Homeschooling
  • Reference & Education, K-12 Education
  • Reference & Education, Sociology
  • Self Improvement, Coaching
  • Self Improvement, Creativity
  • Self Improvement, Happiness
  • Society, Divorce
  • Society, Sexuality
  • Society, Weddings
  • Sports
  • Stock
  • Tech
  • Travel
  • Travel & Leisure, Aviation
  • Travel & Leisure, Destinations
  • Travel & Leisure, Travel Tips
  • Travel & Leisure, Vacations
  • Uncategorized
  • Vehicles, Boats
  • Vehicles, Cars
  • Writing & Speaking, Writing

Recent News

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

Three reasons a strong Black Friday weekend may not mean a blowout holiday season for retailers

December 4, 2023
Not saving in your 401(k)? Your employer may re-enroll you

Not saving in your 401(k)? Your employer may re-enroll you

December 4, 2023
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

  • bitcoinBitcoin(BTC)$35,404.002.62%
  • ethereumEthereum(ETH)$1,834.511.58%
  • tetherTether(USDT)$1.000.05%
  • binancecoinBNB(BNB)$230.812.55%
  • rippleXRP(XRP)$0.610.69%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • solanaSolana(SOL)$43.8211.48%
  • staked-etherLido Staked Ether(STETH)$1,833.391.69%
  • cardanoCardano(ADA)$0.3098437.47%
  • dogecoinDogecoin(DOGE)$0.0699594.44%
  • tronTRON(TRX)$0.1003142.05%
  • ToncoinToncoin(TON)$2.201.43%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • chainlinkChainlink(LINK)$11.221.48%
  • matic-networkPolygon(MATIC)$0.676.54%
  • polkadotPolkadot(DOT)$4.748.08%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$35,382.002.69%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • litecoinLitecoin(LTC)$70.122.70%
  • bitcoin-cashBitcoin Cash(BCH)$243.091.20%
  • shiba-inuShiba Inu(SHIB)$0.0000083.84%
  • avalanche-2Avalanche(AVAX)$12.017.66%
  • daiDai(DAI)$1.000.07%
  • leo-tokenLEO Token(LEO)$3.89-2.12%
  • uniswapUniswap(UNI)$4.6914.32%
  • stellarStellar(XLM)$0.120970-1.09%
  • true-usdTrueUSD(TUSD)$1.000.23%
  • ftx-tokenFTX(FTT)$23.71-3.46%
  • moneroMonero(XMR)$171.280.18%
  • Bitcoin Cash ABCBitcoin Cash ABC(BCHA)$151.06-6.64%
  • okbOKB(OKB)$45.561.24%
  • ethereum-classicEthereum Classic(ETC)$17.690.18%
  • BitTorrentBitTorrent(BTT)$0.003681-1.64%
  • cosmosCosmos Hub(ATOM)$7.932.86%
  • binance-usdBUSD(BUSD)$1.000.00%
  • hedera-hashgraphHedera(HBAR)$0.0551277.19%
  • filecoinFilecoin(FIL)$3.944.61%
  • internet-computerInternet Computer(ICP)$4.075.54%
  • AptosAptos(APT)$7.030.90%
  • crypto-com-chainCronos(CRO)$0.0630372.69%
  • lido-daoLido DAO(LDO)$1.852.02%
  • quant-networkQuant(QNT)$103.420.82%
  • nearNEAR Protocol(NEAR)$1.467.26%
  • vechainVeChain(VET)$0.0194284.35%
  • aaveAave(AAVE)$95.4516.20%
  • injective-protocolInjective(INJ)$15.5911.92%
  • ArbitrumArbitrum(ARB)$1.016.10%
  • MantleMantle(MNT)$0.4025286.42%
  • optimismOptimism(OP)$1.422.60%
  • Shiba SagaShiba Saga(SHIA)$0.151738-15.33%