Ma Huateng: AI is an once-in-a-century opportunity for the Internet. Tencent is in no hurry to show the semi-finished products.

Thanks to CTOnews.com netizens for the delivery of the clues of rain and snow and DynamIK! CTOnews.com, May 18, according to thepaper.cn, in response to a question about ChatGPT and AI (artificial intelligence) at Tencent's 2023 shareholders' meeting, Tencent CEO Ma Huateng said, "at first we thought (artificial intelligence) was a rare opportunity for the Internet in a decade, but the more we think about it, the more we feel that this is an opportunity similar to the industrial revolution of invention and electricity in hundreds of years."

Ma Huateng said that Internet companies have a lot of accumulation in the field of AI, and Tencent is also immersed in research and development, but is in no hurry to finish it early and show the semi-finished products.

Ma Huateng believes that Internet companies should do a solid job in the underlying algorithms, computing, data and more critical scenarios, rather than eager to show semi-finished products in order to boost stock prices. "I feel that many companies are in a hurry right now." it feels like it's to boost stock prices. We haven't always been in this style. "

CTOnews.com5 reported on March 17 that Tencent Holdings released its financial results for the first quarter of 2023 on the same day, showing that the company achieved an operating income of 149.986 billion yuan, an increase of 11% over the same period last year, an increase of 3% over the previous year, and a net profit of 32.538 billion yuan from non-International Financial reporting Standards (Non-IFRS), an increase of 27% over the same period last year. Ma Huateng also mentioned the concern about artificial intelligence in the financial report. "the company's total revenue has achieved solid growth, reflecting the improvement of the income structure and the improvement of operating efficiency." Ma Huateng said that Tencent is investing heavily in building artificial intelligence capabilities and cloud infrastructure to embrace the opportunities brought about by basic models, believing that artificial intelligence will become a multiplier for business development.