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IJR News — today's news from every side

770-Billion-Parameter Hy4 Preview Open-Sourced by TencentTech — 3dTencent released Hy4 Preview, a 770 billion-parameter open-source model with 49 billion active parameters per query and a context window over one million tokens, aimed at powering CodeBuddy and WorkBuddy, though early benchmarks show mixed results and raise questions about its transformative impact. While independent tests suggest rivals still outperform in certain benchmarks, investors appear to hedge expectations as Tencent trades below its GF Value, underscoring caution about AI hype translating into immediate growth.

Nvidia H200 shipments enter China, ByteDance Tencent receive — Aug 19, 2026Nvidia’s H200 AI chips are arriving in mainland China in small batches, with ByteDance and Tencent each receiving about 10,000 units under a regime that allows up to 100,000 per Chinese buyer. Beijing is balancing demand for high-performance AI computing with a push to bolster domestic semiconductor capabilities, permitting shipments to Hong Kong and encouraging resumption of orders through partners like Lenovo while Nvidia works to clear inventory.

XPeng Robotics Valued at $6.3B on $900M Funding — Aug 24, 2026XPeng’s robotics unit Dogotix raises about $900 million in a funding round led by IDG Capital with strategic investors Tencent and Alibaba, valuing the unit at roughly $6.3 billion and signaling a standalone carve-out for the robotics business. Proceeds will fund hardware/software R&D, data generation, mass-production facilities, and global expansion, with Dogotix set to operate independently and XPeng retaining control; the IRON humanoid is planned for mass production by late 2026 and commercial launches in 2027.