Chinese internet giant Tencent Holdings Ltd. reported rising earnings, even as another AI lab burns through cash.
American artificial-intelligence companies are not alone in their heavy spending: some non-American AI firms are also burning through cash as they roll out ever-more advanced models.
Tencent, which has lagged its peers in the artificial intelligence race for the past few years, saw early success with its WorkBuddy product.
Rising
Tencent's earnings are on the rise.
This early success may give Tencent a chance to catch up in the AI race, and WorkBuddy is sparking hopes for a turnaround.
