Tencent signals slow AI monetization

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Tencent signals slow AI monetization
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Tencent has intensified AI efforts over the past two years, developing services for large-language model training and deployment. It has also launched Yuanbao, a chatbot powered by its proprietary Hunyuan LLM.

BEIJING ― Chinese gaming and social media leader Tencent Holdings said its investment in artificial intelligence has yet to turn into significant revenue and may take several quarters to have a meaningful impact on earnings.The company and fellow Chinese tech giants have poured billions of dollars into AI development in a race to launch ChatGPT-like services but monetization remains a challenge.'There are... fewer AI startups in China which are actually buying a lot of compute ...

30, in line with the 167.8 billion yuan average of analyst estimates compiled by LSEG.Domestic gaming revenue rose 14 percent to 37.3 billion yuan, extending the previous quarter's 9-percent growth which in turn followed 2 quarters of decline. International gaming revenue increased 9 percent to 14.5 billion yuan.Gaming growth was driven partly by 'Dungeon & Fighter Mobile,' a marquee title launched in May, and helped by shooting game 'Delta Force,' released in September.

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Signals Slow AI Monetization

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