Tencent plans to ramp up AI spending as China's chip supply allegedly improves
Tencent announced plans to increase AI infrastructure spending in the second half of 2026, citing improved domestic chip supply from Chinese manufacturers. The company also reported strong first-quarter earnings and is reportedly in discussions to acquire a stake in AI startup Deepseek.
Tencent plans to significantly boost AI infrastructure spending in the second half of 2026, as Chinese chipmakers ramp up domestic AI chip production. The company also posted strong first-quarter results and is in talks for a stake in Deepseek.
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