Tencent releases Hunyuan Hy3, an Apache-licensed 295B MoE model

Hy3 is a 295B-parameter MoE model (21B active) released under Apache 2.0, scoring 2.67/4 on benchmarks to beat GLM-5.1 (2.51/4). It's integrated into Tencent products like WorkBuddy and Yuanbao, with API pricing at $0.15 per million input tokens and $0.59 per million output. Supports 256K token context.