May 31, 2024 04:45 AM
BUSINESS
Tencent Joins the Chatbot Race with Launch of ‘Yuanbao’
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What’s new: China’s social media and online gaming giant Tencent Holdings Ltd. launched an artificial intelligence (AI) chatbot app Yuanbao, joining a crowded race to develop applications to challenge OpenAI’s ChatGPT.
Yuanbao is built on Tencent’s own large language model (LLM) known as Hunyuan. An LLM is a deep-learning algorithm that lies behind ChatGPT and other generative AI services.
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- Tencent launched an AI chatbot app called Yuanbao, built on their Hunyuan large language model.
- Yuanbao offers features like AI searches, document summarization, writing, and image generation.
- China's generative AI app users reached 73.8 million by March, a significant 816.9% year-on-year increase, but only 6% of the mobile internet user base.
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Who’s Who
- Tencent Holdings Ltd.
- Tencent Holdings Ltd. is a Chinese social media and online gaming giant that launched an AI chatbot app called Yuanbao, built on its large language model Hunyuan. Yuanbao can perform AI searches, document summarization, writing, image generation, and create personalized AI entities or avatars. Tencent aims to integrate Yuanbao into its existing product ecosystem, focusing on enhancing user experiences.
- Baidu Inc.
- Baidu Inc. is one of China's tech leaders in generative AI. It recently announced that its AI chatbot, Ernie Bot, has reached 200 million users. Baidu is among the top Chinese firms, alongside companies like Alibaba and ByteDance, that are developing ChatGPT-like services to compete in the AI space.
- Alibaba Group Holding Ltd.
- Alibaba Group Holding Ltd. is one of China's tech pioneers actively investing in generative AI. The company has released its own AI-powered services similar to OpenAI's ChatGPT, joining other Chinese giants like Baidu and ByteDance in the competitive AI landscape.
- ByteDance Ltd.
- ByteDance Ltd., the Chinese parent company of TikTok, launched its generative AI model named Doubao earlier this month. Doubao has quickly gained popularity, amassing more than 26 million monthly active users. ByteDance is one of the major Chinese tech companies competing in the generative AI space alongside Tencent, Baidu, and Alibaba.
- Microsoft Corp.
- While the article primarily focuses on Chinese tech companies' advancements in generative AI, it briefly mentions that Silicon Valley peers, including Microsoft Corp., are also placing significant bets on this technology. This highlights Microsoft's involvement in the competitive landscape of AI development, particularly with their backing of OpenAI’s ChatGPT.
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What Happened When
- As of March 2024：
- The number of users of generative artificial intelligence apps in China reached 73.8 million.
- Last month：
- Baidu said its Ernie Bot had 200 million users.
- Earlier this month：
- ByteDance launched its generative AI model Doubao.
- May 31, 2024：
- Tencent Holdings Ltd. launched an AI chatbot app named Yuanbao.
- May 31, 2024：
- Liu Yuhong, vice president of Tencent Cloud, stated that Hunyuan is now a trillion-parameter model.
- May 31, 2024：
- Liu Yuhong stated that Tencent is focusing on integrating Yuanbao within its existing product ecosystem.
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