Tencent CEO Sounds Alarm on Gaming Challenges and AI Advancements

Tencent chief says gaming business under threat

In a bold move, Tencent’s Pony Ma reveals the harsh reality facing the gaming giant: stiff competition and lagging performance. But amidst the storm, a glimmer of hope emerges as Tencent ramps up its AI game. Here’s the inside scoop on what Ma’s bombshell speech means for Tencent’s future dominance.

At the forefront of Tencent’s revenue stream, gaming has long been hailed as the company’s crown jewel, contributing over 30% to its coffers. Yet, Ma’s candid remarks paint a picture of a company caught off guard by competitors’ relentless onslaught of new hits.

Ma’s confession comes as no surprise to industry insiders, who have watched Tencent struggle to replicate past successes while upstarts like miHoYo and NetEase steal the limelight with titles like “Genshin Impact” and “Eggy Party.”

Even Tencent’s once-reliable cash cows, “Honor of Kings” and “PUBG Mobile,” are now facing headwinds as newer releases fail to capture audience attention. It’s a stark reminder that in the cutthroat world of gaming, resting on one’s laurels is a recipe for disaster.

But it’s not all doom and gloom for Tencent. In a surprising twist, Ma reveals that the company is making strides in the realm of artificial intelligence. Despite trailing behind first-tier competitors, Tencent is finally gaining ground, thanks to its “Hunyuan” AI model.

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Ma’s vision for AI extends beyond mere product development; he envisions a future where AI seamlessly integrates into every facet of Tencent’s business, boosting efficiency and productivity. While the road ahead may be fraught with challenges, Ma remains optimistic about Tencent’s ability to adapt and thrive in the ever-evolving tech landscape.

In a bid to diversify its revenue streams, Tencent is also setting its sights on live-streaming e-commerce, taking cues from the success of platforms like Douyin. With WeChat as its cornerstone, Tencent aims to breathe new life into the aging platform, tapping into its vast user base and ecosystem to uncover untapped opportunities.

As Tencent braces for the challenges ahead, one thing is clear: the gaming behemoth is facing its moment of reckoning. But with innovation at its core and AI in its arsenal, Tencent is poised to weather the storm and emerge stronger than ever.

Source – Tencent chief says gaming business under threat, catching up in AI

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