[Goldman Sachs: Hy3 preview release is a key milestone following the comprehensive restructuring of the Hunyuan team, maintaining Tencent's 'Buy' rating] Reported by Jinse Finance, on April 24, Goldman Sachs released a research report stating that Tencent's launch of the open-source Hy3 preview language model marks the first concrete achievement after the group's AI strategic restructuring. The model's metrics and focus on intelligent agent functionality are largely in line with expectations. The model was developed under the leadership of Chief AI Scientist Yao Shunyu (former OpenAI researcher), with 295 billion parameters (21 billion active parameters). Although smaller in scale compared to industry peers, it emphasizes practicality, agent functionality, complex reasoning, and coding capabilities. Goldman Sachs believes that following last week's release of the HY-World 2.0 3D model, the Hy3 preview launch represents a critical milestone in the comprehensive restructuring of the Hunyuan team. It is expected that the official version of Hy3 and larger parameter models will be introduced successively. The firm maintains its 'Buy' rating for Tencent, with a target price of HK$700. Despite Tencent's slowed profit growth for the full year, Goldman Sachs continues to forecast the company's adjusted operating profit to grow by 10% year-on-year in the first quarter and 8% for the full year. (Dongxin News Agency)