Wednesday, January 31, 2024

Tencent CEO claims that the game industry is in danger and that AI is catching up


Tencent's previous hits, for example, "Distinction of Rulers" and "PUBG Versatile" keep on major areas of strength for conveying, yet late items are missing the mark regarding assumptions.

Tencent Holdings' chief executive officer and co-founder Pony Ma has stated that the company's video games business faces significant competition from rivals but is catching up in AI development.

Mama, talking at Tencent's yearly gathering in an arena in Shenzhen on Monday, said that the organization has been becoming complacent in gaming while contenders have conveyed new hits. Computer games represent over 30% of Tencent's income.

Chinese news source Jiemian distributed pieces of Mama's discourse on the web. An individual with direct information regarding this situation, who declined to be named on the grounds that they are not allowed to address the media, affirmed the items.

Mama's discourse highlights concerns whether Tencent, the world's greatest gaming organization and the administrator of China's greatest informal community WeChat, can shield its status as China's No.1 tech organization at a time marked by strengthening rivalry and new problematic innovations.

Ma stated, "Gaming is our flagship business...but in the past year, we have faced significant challenges." "We have found ourselves at a loss, as our competitors continue to produce new products, leaving us feeling that we have not achieved anything," Ma said.

Mama added that the new games that Tencent has sent off had not proceeded as well as the organization had trusted.

Mama's comments come when Chinese game engineers miHoYo and NetEase have eclipsed Tencent with strike titles like "Genshin Effect" and "Eggy Party". While Tencent's past hits, for example, "Distinction of Rulers" and "PUBG Portable" keep on areas of strength for conveying, later items are missing the mark concerning assumptions.

Ma stated that Tencent has caught up in AI. We can now follow the first-tier companies' pace. We don't consider ourselves the most driving however essentially we are not excessively behind," he said.

Ma stated that rather than rapidly transforming AI into products, Tencent should now concentrate on integrating its "Hunyuan" AI model into various business scenarios to improve efficiency.

"Temporarily, inside the following a couple of years, I feel like there won't be a huge, computer based intelligence local application yet," he said.

E-commerce livestreaming was another topic of discussion in Ma's speech. Tencent has been attempting to make WeChat more like ByteDance' brief video stage Douyin lately, which has been making gigantic income from live-streaming web based business.

WeChat has the most robust ecosystem and daily user count of any of our platforms. Yet, it is 12 years old… Presently the way in which we can find new fledglings from the old tree that is WeChat is the unavoidable issue for us," Mama said.

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