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Tencent misses Q1 revenue targets, bets on new AI model for growth

Tencent reported first-quarter earnings that fell short of revenue expectations, attributing the shortfall to a slowdown in gaming sales. CEO Pony Ma indicated a potential turnaround, emphasizing the company's strategic focus on artificial intelligence for future growth. A key development was the launch of their foundational model, "Hy3 preview," led by former OpenAI researcher Yao Shunyu, which has shown promising performance on AI hosting platforms. AI

影响 Tencent's focus on AI, including the launch of its "Hy3 preview" model, signals a strategic shift that could impact the competitive landscape for foundational models.

排序理由 Company's financial results and strategic pivot towards AI development. [lever_c_demoted from significant: ic=1 ai=0.7]

在 SCMP — Tech 阅读 →

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Tencent misses Q1 revenue targets, bets on new AI model for growth

报道来源 [1]

  1. SCMP — Tech TIER_1 English(EN) · Iris Deng ·

    Tencent misses first-quarter revenue estimates, bets on AI for new growth

    Facing scrutiny and persistent questions over its track record in artificial intelligence, Tencent Holdings’ co-founder and CEO Pony Ma Huateng offered this candid assessment to shareholders on Wednesday: “A year ago we thought we were on the boat, then we found it was leaking.” …