Tencent merges Hunyuan and multimodal AI divisions under Yao Shunyu

Chinese tech giant Tencent has merged its large language model team Hunyuan with the multimodal division. The new combined unit will be led by Yao Shunyu.

Tencent

The AI Boom Gets More Expensive: Loan Rates for Data Center Construction Rise

Due to the AI boom, American tech giants are increasingly borrowing funds for data center construction, but lenders are raising interest rates. Meta recently secured financing at a rate above 7%, which is 0.4 percentage points higher than last year, indicating growing lender concerns about the profitability of such projects.

Meta Anthropic Broadcom