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.

Growing a Business

How Building Tech With No Tech Background Taught Me the Most Valuable Skill in Business

The most valuable skill in business today is translation — the power to bridge vision and execution, clarity and complexity, strategy and reality.

News and Trends

How Lab-Grown Diamonds are Reshaping Jewellery Market

As sustainability takes the centre stage shaping the luxury market, lab grown diamonds (LGDs) are leading the way and not merely following the latest trends, says Ishendra Agarwal, Founder, Giva

News and Trends

From Humble Beginnings to the AI Frontier: An Exceptional Entrepreneurial Journey

Singh's entrepreneurial career was influenced by his time at Flipkart, which he joined as a software development engineer in 2012. He credits the experience with teaching him how to handle failure and iterate quickly.

Starting a Business

The Hardest Parts of Being a Solopreneur (and How I've Learned to Handle Them)

Solopreneurship is on the rise, offering us freedom and independence — but lasting success depends on tackling its unique challenges with strategy.

Starting a Business

My Husband and I Have Built Multiple Businesses Together — Here's How We Make It Work in Business and in Life

Working with your spouse can be an incredible experience, especially when you share the same goals and values. Here's how to do it successfully.