Chinese tech giant Tencent sees spending surge, defends potential 'superior' AI returns
Summary
Tencent beat revenue expectations as its games business picked up speed and AI helped strengthen its advertising operation. The stronger results come as the company faces tougher competition in China and ramps up spending on AI.
Investors are still feeling cautious, with Tencent shares down sharply this year despite the upbeat
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Tencent’s results show that games and AI remain powerful growth engines, even as the costs of competing in both rise.