India, Feb. 28 -- Chinese multinational firm Tencent has launched a new AI model to compete with DeepSeek's R1 AI model. DeepSeek launching its AI model had created waves in the global tech industry and had led to a massive rout in tech stocks globally.

The latest model, Hunyuan Turbo S, is designed to reply as instantly as possible. This is different from the deep research method that multiple AI models follow, including DeepSeek's R1.

The deployment cost has also fallen sharply, Bloomberg reported citing Tencent's message on its official WeChat channel.

The model is now available to developers and enterprise users via Tencent's cloud services. It will begin testing the model among selected users on its consumer-facing chatbot, Yuanba...