Tencent Cloud chief says AI demand justifies capex

Dowson Tong, CEO of Tencent Cloud and Smart Industries Group, said the company is shifting investment from consumer AI agents toward enterprise. Tencent is prioritizing compute for training its own models and products while competing in the chatbot market.

• Tencent Cloud is shifting investment from consumer AI agents to enterprise
• Compute for internal model training and products is the priority
• Tong said AI demand justifies the company's capital spending