Tencent has significantly increased its R&D investment in original AI products, with capital expenditure exceeding RMB76.7 billion last year, setting a new record.

Tencent Chairman and CEO Ma Huateng: We restructured our AI team to focus on rapid product innovation and deep model development, increased capital expenditures related to AI, and stepped up the R&D and marketing of our native AI products.

On March 19, Tencent released its latest financial report, showing that its AI strategy has entered a heavy investment period: its R&D investment in 2024 reached Rmb70.69bn, and its cumulative investment in seven years reached Rmb340.3bn. Capital expenditures have achieved triple-digit year-on-year growth for four consecutive quarters, and annual capital expenditures have exceeded Rmb76.7bn, up 221% YoY, setting a new record.

Tencent Chairman and CEO Ma Huateng said, "Several months ago, we restructured our AI team to focus on rapid product innovation and deep model development, increased capital expenditures related to AI, and stepped up the R&D and marketing of our native AI products. We believe these increased investments will bring continuous returns through improving the efficiency of advertising business and the life cycle of games, and create more long-term value as our personal AI applications accelerate and more enterprises adopt our AI services."