Tencent Cloud’s foundation model development plan to increase monetization potential – CICC
COMPANY NEWS STOCKS VIEWS & ANALYSIS
Tencent Cloud’s foundation model development plan to increase monetization potential – CICC
COMPANY NEWS STOCKS VIEWS & ANALYSIS

Tencent Cloud’s foundation model development plan to increase monetization potential – CICC

 

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Tencent Cloud recently held a summit in which it launched a Model as Service (MasS) capability panorama and announced plans to build a one-stop industry foundation model store to help customers build their own foundation models and applications, CICC said in a note.

Tencent Cloud is expected to provide vertical models to meet different industries’ needs and enterprise users will be able to develop their own models and subscription services through rapid fine-tuning and possible uses could cover ten major industries including finance, cultural travel, municipal government, media, and education.

CICC keeps the rating on Tencent stocks at Outperform, with a target price of HK$475.

Considering that Tencent Cloud has many corporate customers, providing them with more capable and efficient foundation models will help solve the pain points of business operation, which will increase enterprises’ willingness to pay, it said.

Tencent’s AI foundation model development is driven by both internally development of its own models and externally investing in other firms, and Tencent Cloud’s foundation model capability can be applied to Tencent’s SaaS products such as Tencent Meeting, which will further strengthen the product and enhance the monetization potential, it said.