China's Tencent Sets Up Team To Work On a ChatGPT-Like Product: Report The artificial intelligence tool is reportedly expected to be called as HunyuanAide and built on large language model Hunyuan

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Tencent Twitter handle

Chinese internet giant Tencent Holdings has set up a development team to work on a ChatGPT-like product, according to a Reuters report citing two people familiar with the matter.

The artificial intelligence tool is reportedly expected to be called as HunyuanAide and built on the large language model Hunyuan. Tencent said it is conducting research into ChatGPT-like technology but hasn't revealed any more details about the product, how it will be made available, or the size of the model used to power it, as per the report.

The news comes after China's Ministry of science and technology said on Friday it saw the potential of ChatGPT-like tech and would be pushing for the integration of artificial intelligence into Chinese society and the economy.

South China Morning Post reported that Chinese e-commerce giant Alibaba, has said that earlier this month, it is testing a ChatGPT-like service through its research institute Damo Academy. Also, Tencent has already been using its Hunyuan AI model in advertising, including making ad recommendations and producing tailor-made content for advertisers. The technology is able to help cut costs by creating videos based on text prompts, according to the company's previous announcements.

ChatGPT is an artificial intelligence chatbot that can generate natural language responses based on user input. Powered by large language models that learn from analysing large amounts of publicly available text during its training period, it can output a wide and varied content set.

Tencent Holdings Ltd is a Chinese multinational technology and entertainment conglomerate claimed to have one of the highest grossing multimedia companies in the world based on revenue.

The launch of ChatGPT has also prompted some of the tech biggies to introduce similar products. As a result, Microsoft has launched Bing Search which is based on the technology behind OpenAI's ChatGPT, and Google is developing Bard, a search chatbot based on its powerful LaMDA large language model.

According to available reports, Chinese internet and technology company Baidu announced it would launch a search chatbot within the first quarter of 2023 called Ernie, built on its massive language model Ernie 3.0 which has 260 billion parameters.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Leadership

From Barista to CEO: A Conversation With Smashburger's Leader on Her Inspiring Journey, How She's Transforming the Brand and Her Vision for the Future

Denise Nelsen, CEO of Smashburger, reflects on her journey from Starbucks barista to the leader of one of the most popular brands in the fast-casual dining industry, reveals the exciting changes being implemented at the company and offers advice for aspiring executives.

Franchise

How This Franchise Grew 70% in 3 Years and Became the Top Choice in Tech

Wireless Zone, #1 in the tech category of the Franchise 500, is redefining wireless retail with cutting-edge technology and franchisee support.

Business News

'I Hate Bureaucracy': Leaked Internal Amazon Document Reveals How the Tech Giant Is Cutting Down on Middle Management

Amazon could soon let go of thousands of managers, resulting in savings of up to $3.6 billion.

Business News

'Gen Z Is Obsessed': Chili's Sales Have Skyrocketed Thanks to the Triple Dipper and Turbo Chefs

On an earnings call this week, one analyst said the company's turnaround was "the best one of all time" in the restaurant industry.