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International Business Times
International Business Times
Business

China's Tencent Sees Profits Surge As AI Drive Accelerates

China Pony Ma Artificial Intelligence Internet United States
Chinese internet and gaming giant Tencent's 2024 fourth-quarter profit surged 90 percent as it accelerates a push into artificial intelligence (Credit: AFP)

Chinese internet and gaming giant Tencent said on Wednesday that profits in the fourth quarter of 2024 surged 90 percent as the firm accelerates a push into artificial intelligence (AI).

The publication of quarterly and annual results came after weeks of robust investor confidence in Chinese technology stocks, and in AI in particular, following January's shock emergence of local startup DeepSeek on the global stage.

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