On May 13, Tencent executives revealed during the first-quarter earnings call that the company's capital expenditures will increase, with more domestic chips to be put into use in the second half of the year. Due to insufficient GPU resources, Tencent Cloud is struggling to meet external customer demands, which is affecting its revenue and market share. Tencent executives stated that investments in the AI sector are divided into short-term and long-term cycles, and the company will evaluate related products based on their portfolio and lifecycle, rather than focusing solely on the quarterly level.
