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.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.