Tencent Unveils AI Model for Businesses as Competition Peaks in China

Chinese tech giant Tencent will launch its “Hunyuan” artificial intelligence model for enterprises at its annual summit on Thursday, said Dowson Tong, chief executive of Tencent’s cloud and intelligence industry group. The news comes a few days after Baidu unveiled a slew of AI-powered apps on Tuesday because of more supportive regulation. Tencent said it…

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Alibaba is launching an Artificial Intelligence model that can understand images and hold more complex conversations

Alibaba launched a new artificial intelligence model that the company says can understand images and hold more complex conversations than the company’s previous products, as the global race for technology leadership heats. The Chinese tech giant said its two new models, Qwen-VL and Qwen-VL-Chat, are open source, meaning researchers, researchers and companies around the world…

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Strategist Says, Investors are overconfident about the impact of AI

Mike Coop, chief investment officer at Morningstar Investment Management, says market participants are “overconfident” in their ability to predict the long-term impact of AI. Despite the setback so far this month, optimism about AI’s potential to boost future profits has lifted the tech-heavy NASDAQ Composite over 38% for the year, while the S&P 500 is…

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