Tencent Officially Releases Hunyuan Hy3 with Open Source Access, Nearly 50 Internal Units Queue for Integration
Shares of Hong Kong listed AI company Zhipu AI plunged as much as 16.2% in afternoon trading after Tencent released its Hy3 large language model, triggering market concerns over intensifying competition in China's AI sector.Investors worry that Tencent's entry into the foundation model race could squeeze the market share of third party AI companies.








