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Kai-Fu Lee's 01.ai is targeting a Hong Kong IPO in 2027. It pivoted from building AI models to enterprise data infrastructure, with its 'Boss AI' fine-tuning open-weight models for business data. Half its business is now international.
Tencent has released its Hy3 MoE model under an Apache 2.0 license, removing previous regional restrictions and making it widely accessible. At half the size of GLM-5.2, Hy3 offers significant efficiency gains, excelling in search and tool orchestration, though it trails in coding. This move positions Hy3 as a strong contender for enterprise AI solutions seeking reliability and cost-effective deployment.
