Tencent, the Chinese tech giant, has once again shown its commitment to Artificial Intelligence (AI) by investing in two large-scale ventures. The company has put $40 million in MiniMax, which is now valued at over $1.2 billion. MiniMax, an AI unicorn, has developed a high-quality and data-driven end-to-end system that is widely used by top enterprises. Additionally, Tencent has provided financial backing to DeepLang AI, along with TAL Education Group, a Chinese AI model developer that is valued at $100 million.
These investments are good indications of the growing importance of domestic large-scale AI models across various sectors, as AI continues to excite tech giants and entrepreneurs alike. Several prominent investors have also shown strong interest in this sector, including MiraclePlus, Innoangel Fund, and Sequoia China.
The investments made by Tencent in both MiniMax and DeepLang AI demonstrate the company’s commitment to AI and the increasing use of technology-driven solutions in business. The company has clearly recognized the potential of AI as a game-changing technology, and is willing to invest in companies that can help improve the quality of products and services in several industries.
The growing adoption of AI models and technology across various industries requires the development of high-quality and advanced systems that can help address complex business challenges. It is clear that these two ventures are at the forefront of this trend, and Tencent’s investments in these firms will help promote the continued development of AI models and other technological innovations that will be of benefit to customers and the wider society.
