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IntuitionLabs reports that Tencent released and open-sourced Hy4 preview on August 28, 2026, describing it as a Mixture-of-Experts model with 770B total parameters and 49B activated per token. The release is under Apache License 2.0, with weights published both as a full-precision Hy4-preview checkpoint and an FP8-quantized Hy4-preview-FP8 checkpoint across Hugging Face, ModelScope, GitCode, and CNB. The analysis notes the model supports roughly a one-million-token context window and includes a built-in multi-token prediction layer for speculative decoding. It also flags that Tencent's blind comparative evaluation was conducted internally, so the model's benchmark standing should be read as a snapshot of a self-selected internal test suite rather than a third-party-audited ranking.
