8legs: Tencent holdings ltd.

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Tencent launches Hy3 LLM and touts ~40% better inference efficiency, with plans for Hy3 3.0/3.1 iterations.
Tencent in talks to invest in DeepSeek with a target valuation above $20 billion, no deal yet.
Market reaction: Tencent shares were down after the Hy3 details emerged.

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