Market Chatter: Tencent to Transfer Key Platforms to Cloud Group to Boost LLM Product Line; Shares Up 4%

MT Newswires Live
21 Feb

Tencent (HKG:0700) plans to transfer its key platforms in its Platform and Content Group to its Cloud and Smart Industries Group as part of revamping its product line for its large language model or LLM platforms, Yicai Global reported Thursday.

The artificial intelligence platforms are ima.copilot, QQ Browser, and Sogou Input Method, which all have their own huge user bases and content ecosystems. All three have artificial intelligence features and are closely aligned with LLM applications, the report said.

Shares of the company jumped more than 4% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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