Model News
Tencent's Hy3 hits top-three OpenRouter use as AI capex jumps 176 percent
By Arjun
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14 Aug 12:09 AM
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Via Tencent
Tencent said Hy3's production model, released in July 2026, now ranks among the top three models globally by OpenRouter token use, while WorkBuddy and CodeBuddy lead AI office and coding tools inside China. Second-quarter capital expenditure hit RMB 52.8 billion, up 176 percent year on year, mainly for AI compute behind Hy upgrades, WorkBuddy and CodeBuddy inference, Weixin AI, and cloud demand. Free cash flow turned negative after capital expenditure payments exceeded operating cash flow. Management frames Hy3 as a step toward later Hy models. Capex intensity is clear in the filing, yet Hy4 is only later this year, so the next leap is unproven.
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