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TENCENT Boosts GPU Procurement in 4Q, Expects Faster Cloud Service Rev. Growth
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TENCENT (00700.HK) President Martin Lau stated that the company established its AI lab as early as 2016, and years of exploration and investment in AI have helped build end-to-end foundation model capabilities. In 2024, AI cloud revenue of the company nearly doubled YoY, boosting advertising, gaming, and content businesses, he said. Since 4Q24, Tencent has ramped up GPU procurement, and with the deployment of AI chips and GPUs, overall cloud service revenue growth is anticipated to accelerate. When asked about DeepSeek sparking an AI boom in China, Chairman and CEO Pony Ma expressed admiration for DeepSeek as an independent open-source AI company that benefits multiple parties and considerably elevates the level of AI intelligence in mainland China. However, he noted that AI is still in its early development stage, with substantial growth potential anticipated in AI applications and AI agent domains. AAStocks Financial News |
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