Lates News

The Citic Securities research report stated that Tencent and Alibaba are currently in the investment period of AI infrastructure, despite fluctuations in capital expenditures between quarters, overall investment intensity remains high. In terms of commercialization of AI, the current returns from AI investment can be seen in two aspects: firstly, driving business growth through AI capabilities has substantially contributed to Tencent's advertising and gaming businesses; secondly, empowering external parties, Alibaba's AI-related product revenue maintains high growth and is widely applied in vertical fields such as the Internet, retail, manufacturing, and cultural media. Currently, the positive cycle of AI investment promoting growth and growth feeding back into AI development has been achieved.