Get Ready! Here's How Tech Behemoth Tencent Is About To Up The AI Ante

A woman uses her smartphone near a booth for the Chinese Internet company Tencent at the Global Mobile Internet Conference in Beijing. The company is now preparing to take a firm lead in AI practices. Yet in the midst of uproar and angst, China tech company, Tencent has decided to draw a firm line in the sand and took the opportunity while at the recent Cannes Lions Festival to outline a strategic approach that just may be a huge game-changer in corporate standards around AI practices now and in the future. Delivered onstage by Seng Yee Lau (known as S.Y.), Tencent's Senior Executive Vice President and Chairman, Tencent offered a bold strategy around Tech for Good that, if the company can fully execute, will continue to make it one-t0-watch as a massive global player in the technology space. While the company may have missed its most recent earnings target when it reported figures last month, Tencent still reported adjusted earnings of 32 cents per share on revenue of a whopping $12.69 billion, up 16 percent from a year ago.