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Tencent shares jump after launch of new AI image model

Tencent shares rose as much as 7.8% on Tuesday after the company rolled out a new image-generation model; the move coincided with Alibaba’s annual AI conference.

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Tencent shares rose sharply after the Chinese technology company launched its latest image-generation model, highlighting its artificial-intelligence progress on the same day rival Alibaba Group held its annual AI conference. 8% on Tuesday before…