Recently, Tencent unveiled its financial results for the third quarter of 2023, revealing notable increases in both revenue and profit. Yet, its capital expenditures did not meet market forecasts, prompting concerns from external observers about the status of its AI initiatives. During a subsequent conference call, Tencent President Martin Lau clarified that the company possesses a sufficient stockpile of GPUs to satisfy its internal needs, especially for advancing the 'Yuanbao' project. He emphasized that while the cloud business's external revenue is constrained, this situation does not hinder Tencent's AI investments or progress. Additionally, Lau highlighted enhancements in Tencent's team and infrastructure, noting that an influx of personnel and resources has set a solid groundwork for the future development of the 'Yuanbao' project. Tencent expects to see advancements from the new model and is confident that the capabilities of Hunyuan will experience accelerated growth.