Chinese tech titans are charging full steam ahead in the artificial intelligence (AI) arms race, unveiling ambitious plans and generative models intended to challenge Western giants.

Tencent, the Shenzhen-based gaming and social media behemoth, revealed this week that it will launch its own proprietary foundation model later this year, claiming it will rank among the best in China. Tencent has been testing the AI, named Hunyuan, across gaming, advertising, cloud computing, and financial technology.

According to Tencent executives on an earnings call Wednesday, the company has made significant progress developing the model to power generative AI and other applications. However, Tencent has been perceived as lagging behind some domestic peers since it has said little publicly about its efforts until now.

“The training is actually on track and making very good progress. We have started internal testing in our different businesses, including games, ads cloud, fintech for them to start testing the model and start working on the integration,” said Tencent President Martin Lau during the company’s latest earning call.

“It’s among the top leading foundation models produced in China,” said Martin Lau on the earnings call.

China vs US: The AI cold war is a thing

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Author: Jose Antonio Lanz

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