Tencent Accelerates AI Investments Following Robust Sales Growth

Reported about 13 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

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