Reported about 17 hours ago
Tencent Holdings Ltd. is significantly increasing its AI infrastructure spending after experiencing its highest revenue growth since 2023, with an 11% rise in revenue to 172.5 billion yuan. The company plans to allocate a substantial portion of its capital expenditures toward AI, aiming to enhance its services across platforms like WeChat. Tencent is strategically integrating both in-house and open-sourced AI models to remain competitive against rivals such as Alibaba, which is also ramping up its own AI investment efforts.
Source: YAHOO