Tencent Holdings considers offshore bond issuance of up to $5 billion for AI investment
TME Tencent Music Entertainment Group ADR
$9.22 -1.18%
View chart & analysis → - 1Tencent Holdings is considering the issuance of offshore bonds worth up to $5 billion.
- 2Tencent's AI projects and computing capital expenditures reached 52.8 billion yuan ($7.9 billion) in the recent quarter ended June.
- 3Tencent signed an offshore lease agreement with Oracle last week to secure rights to approximately 100,000 AI chips.
So what's the key point?
Tencent Holdings is considering issuing up to $5 billion in bonds to invest in artificial intelligence. The company recently spent 52.8 billion yuan on AI projects and computing equipment.
Source Quartz · View original ↗
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