The company’s annual Global Digital Ecosystem Summit takes place on Thursday and Friday in Shenzhen, where there will be a speech about the Hunyuan model, according to the agenda.
The new model, which was under internal testing for a few months, will be “formally released” soon, Li Qiang, a vice-president at Tencent who heads its Government and Enterprise Business division, said at an industry conference held in the southwestern city of Chongqing on Monday, according to a report from Chinese media The Beijing News.
That led to a new round of announcements for LLM releases in China, where US-developed services like OpenAI’s ChatGPT and Google’s Bard are officially unavailable.
Tencent has yet to release more details about its upcoming foundation model, such as whether it will be available to the general public.
All of Tencent’s internal products will be embedded with or “transformed” by the new model, Li said. The firm built a large-scale computing centre this year with the “latest” graphics processing units, according to Li, who did not specify which chips were installed.
Baidu co-founder and CEO Robin Li Yanhong said at a company event in Beijing on Tuesday that it was more “meaningful” for entrepreneurs to join the competition of LLM-powered applications rather than building foundation models. “The models themselves do not directly generate value, while the applications based on them are the meaning for the models’ existence,” he said.
Tencent said in June that the company had launched over 50 LLM-enabled industrial solutions covering more than 10 industries, including finance, media, travel and education.
“We will continue to drive innovation, including through generative AI, where we are providing a library of models to our partners via our Tencent Cloud model-as-a-service offering, as well as refining our proprietary foundation model,” Pony Ma Huateng, founder and CEO of Tencent, said during the company’s latest earnings call last month.