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Tencent Capex Triples As It Invests In AI
- Tencent's capital expenditure on AI and other areas more than tripled from a year earlier to 12 percent of its total revenue.
- The company spent $10.7 billion on capital expenditure for the year, up from $3.4 billion in 2023.
- Tencent invested 39 billion yuan in AI initiatives in the fourth quarter.
- Chinese companies, including Alibaba and ByteDance, are making large outlays on AI infrastructure.
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