Goldman Sachs Maintains 'Buy' on Tencent, Citing Hy3 Preview as Key Milestone in AI Reorganization
Goldman Sachs views Tencent's release of the open-source Hy3 Preview language model as a crucial step following its AI team restructuring. The model emphasizes practical agent capabilities and complex reasoning. The firm maintains a 'Buy' rating with a HK$700 target, forecasting steady profit growth.
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