Tencent emphasizes deep cultivation and meticulous work: not eager to show off semi-finished products to boost stock price

News on May 18, at today’s Tencent 2023 Shareholders’ Meeting, Tencent CEO Ma Huateng delivered an important speech when answering questions about ChatGPT and artificial intelligence (AI). Ma Huateng said that Tencent initially believed that artificial intelligence was a once-in-a-decade opportunity for the Internet, but increasingly felt that it was a once-in-a-hundred-year opportunity, similar to the Industrial Revolution that invented electricity.

Tencent is actively conducting research and development work. As Ma Huateng said, Internet companies have accumulated a lot of experience in the field of artificial intelligence. He emphasized that there is no rush to launch unfinished products early, but to focus on building solid basic algorithms, strong computing power, complete data and key scenario applications. "Our style is not to rush to show off semi-finished products to boost stock prices," Ma Huateng said. We pay more attention to in-depth cultivation and do the basic work well. ”

##According to Tencent’s first quarter financial report, the company has achieved steady growth. Compared with the same period last year, operating income increased by 11% to 149.986 billion yuan, and was in line with the previous year. Compared with the previous quarter, it increased by 3%. Net profit calculated based on non-International Financial Reporting Standards (Non-IFRS) was 32.538 billion yuan, a year-on-year increase of 27%. Ma Huateng also emphasized his focus on artificial intelligence in the financial report and stated that Tencent is investing heavily in building artificial intelligence capabilities and cloud infrastructure to cope with the opportunities brought by the basic model. He believes that artificial intelligence will become a multiplier for business development.

As a Chinese Internet giant, Tencent has been committed to Play a leading role in the field of artificial intelligence. Ma Huateng’s speech showed that Tencent will continue to regard artificial intelligence as a strategic direction and increase investment in technology research and development, innovative applications, etc., to promote the development of artificial intelligence technology and the implementation of commercial applications. This It will help further promote China's technological innovation and economic development.

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