China's Tencent sets up team to develop ChatGPT-like product: Report

Chinese internet giant Tencent Holdings has set up a development team to work on a ChatGPT-like chatbot, two people familiar with the matter told Reuters.

The product, to be called "HunyuanAide", will incorporate Tencent's AI training model named "Hunyuan", said the people who were not authorised to speak to media and declined to be identified.

Asked for comment, Tencent reiterated a Feb.9 statement that it is conducting research on ChatGPT-tool technology.

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Rivals Alibaba Group and Baidu Inc are also working on ChatGPT-like products. Local media outlet 36kr first reported about the "HunyuanAide" project on Monday.