Naspers feels heat as Tencent faces AI reality check
Investors are becoming wary of AI companies’ spending on AI. (Graphic: Nicola Mawson | GenAI and Freepik) The concerns US investors have over the sustainability of hyperscalers’ artificial intelligence (AI) spending has crossed the Pacific, to not only weigh on Naspers subsidiary Tencent, but also on the JSE-listed company. These worries are reflected in the…
