#Tencent

Tencent has released and open-sourced the Hunyuan Hy3 preview, a Mixture-of-Experts (MoE) language model with 295 billion total parameters and 21 billion active parameters, supporting a 256K token context length. This release significantly enriches the open-source LLM ecosystem with a large-scale MoE model focused on complex reasoning and agent tasks, potentially accelerating development in AI-powered coding and scientific applications. The model achieves a 54% reduction in first-token latency for products like CodeBuddy, thanks to deep co-optimization of model architecture and inference framework. It targets enhanced performance in math, science, and code generation.

Tencent is in negotiations to acquire AI startup Manus from Meta, becoming its largest shareholder in a deal worth at least $2 billion, after Beijing requested Meta to unwind its previous acquisition. This deal would significantly strengthen Tencent's position in the AI agent space, while marking a setback for Meta's expansion in China. It reflects ongoing geopolitical tensions and strategic realignments in the AI industry. Tencent will partner with original investors ZhenFund and HSG to repurchase Manus from Meta at no less than $2 billion. The deal follows a Chinese government request for Meta to unwind its earlier $2 billion acquisition of Manus.