💻 Technology
1d ago
Tencent says it could make instant profits on $53B hardware splurge by renting it for AI workloads
Source ↗
👁 0
💬 0
Chinese tech giant Tencent has turned its back on instant profits, betting that a new business unit that creates its own AI and embeds that in its products will pay off to a greater extent than cashing in on demand for computing resources. During the company’s Q2 earnings call yesterday, Bernstein analyst Robin Zhu asked when Tencent expects to see a return on investment from the $53 billion capital expenditure it made in the quarter. Chief Strategy Officer James Mitchell said demand for compute
Comments (0)