Tencent’s strong earnings boost AI war chest
Tencent reported better-than-expected revenue growth, signaling a resurgence in its core businesses and reinforcing its AI expansion strategy. The Chinese tech giant’s revenue rose to 176.6 billion yuan ($24.3 billion) in the second quarter, mainly driven by gaming and online advertising. Profits also climbed, enabling Tencent to invest more in its AI infrastructure and products, including large-language models and cloud services. CEO Pony Ma highlighted these efforts as essential to competing globally in the rapidly evolving AI sector.
This performance strengthens Tencent’s position in the international AI race and gives it more resources to challenge western tech rivals in foundational AI technologies.
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