Tencent announced on August 16 that it plans to introduce a proprietary artificial intelligence model later this year, and it believes the AI model will rank among the finest in China, according to Bloomberg. Tencent has been conducting tests on its large language model named Hunyuan on services such as cloud computing and search. Martin Lau, the company’s president, said the LLM stands as one of the foremost foundational models developed in China during the company’s second-quarter earnings call on August 16. Tencent is making continuous efforts to upgrade and refine the model for a prospective launch in the latter part of this year, he added. [Bloomberg]