Tencent aims to roll out generative AI foundation model in 2023

Chinese tech group reports lower-than-expected revenue growth

20230816 Tencent

Strong online advertising helped Tencent Holdings to 11% growth in revenue for its second quarter over April to June. © Getty Images

ECHO WONG, Nikkei staff writer

HONG KONG -- Tencent Holdings said Wednesday that it seeks to deploy its own foundation model for generative artificial intelligence sometime this year, as the Chinese tech group reported double-digit quarterly revenue growth.

The move comes as Chinese tech companies race to add generative AI features to their businesses for new revenue sources.

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