According to PANews, Martin Lau said Tencent will at least double AI spending after investing 18 billion yuan in new products last year, backed by growth in its core business.
According to PANews, Tencent president Martin Lau said the company spent 18 billion yuan on new AI products last year and plans to at least double that investment this year. Lau said Tencent’s core business remains solid and continues to grow, providing support for the higher level of artificial intelligence spending. The remarks were reported on March 18.