Tencent’s CEO Pony Ma remarked that the move toward AI stems from several headwinds the gaming unit faces, for one, the company’s recent games have failed to gather steam compared to its rivals.
The working group comprises of tech giants, including Huawei, Tencent, NetEase, Ant Group, Baidu, and Sense Time, with engineering and ethics experts from leading Chinese universities.
Tencent is adopting a Model-as-a-Service (MaaS) in its latest offering, with Hunyuan providing enterprises with well over 40 solutions in 20 industries.
Tencent remains mum over rumors of plans to dissolve its XR unit but confirms that a "personnel reshuffle" would take place as it explores new strategies for its virtual world.
The unit will be headed by Tencent Games Global's Chief Technology Officer Li Shen and will be part of the conglomerate's Interactive Entertainment business group.
In a statement, WeChat said that official verified accounts could display digital collectibles, but secondary sales are banned due to their speculative nature.
The money is flowing into the metaverse, with the emerging sector receiving over $1.5 billion, most of it in the last quarter of the year, according to reports.
Bitcoin Association teamed up with SatoPlay to host the event which sought to equip developers with the insight and tools they need to build on the Bitcoin blockchain.
The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across its platform.
The Industry Blockchain League will draw on companies, government agencies and other organizations from across industry sectors.
WeChat owner Tencent is to invest $70 billion in emerging technologies such as blockchain and cloud computing as it seeks to bounce back from COVID-19 slowdown.
Tencent has launched its blockchain accelerator program, accepting applications from early-stage startups or big firms that have shifted to blockchain
