Introduction
Pony Ma, the CEO and co-founder of Tencent Holdings, recently shared insights at the company's annual meeting in Shenzhen. In his speech, Ma addressed challenges faced by Tencent's gaming business and highlighted advancements in artificial intelligence (AI) development.
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Gaming Challenges
Ma acknowledged significant challenges in Tencent's gaming sector, emphasizing that competitors have been successful with new hits while Tencent's recent game launches have not met expectations. Despite past successes like "Honor of Kings" and "PUBG Mobile," newer products have struggled to make a mark.
AI Development Catch-Up
While gaming faces challenges, Ma expressed confidence in Tencent's progress in AI development. He mentioned that Tencent has caught up with first-tier companies in the AI domain. Although not claiming the lead, Ma stated that Tencent is no longer lagging too far behind.
AI Integration Strategy
Ma outlined Tencent's strategy, emphasizing the integration of its "Hunyuan" AI model into various business scenarios. Rather than rushing AI products to market, the focus is on enhancing efficiency through AI integration. Ma suggested that significant, AI-native applications might take one or two years to materialize.
Live-Streaming E-commerce and WeChat
Ma addressed Tencent's exploration of live-streaming e-commerce, aiming to evolve WeChat, their robust platform, into a more dynamic ecosystem. He recognized WeChat's longevity of 12 years and pondered the challenge of finding new avenues for growth within this established platform.
Conclusion
In the face of gaming challenges, Tencent's CEO remains optimistic about the company's advancements in AI. The strategic focus on thoughtful AI integration and exploring new possibilities within platforms like WeChat reflects Tencent's commitment to staying competitive in the ever-evolving tech landscape.
