Chinese tech giant Tencent has slowed the pace of its GPU rollout since implementing DeepSeek. Chief Strategy Officer James Mitchell revealed the slowdown during the company’s Q4 2024 earnings call, when asked how capital expenditure on AI will impact margins and profits. Mitchell replied that Tencent’s capital expenditure on GPUs mostly goes towards its advertising and games businesses, which both deliver strong returns. Tencent also uses GPUs to train large language models, and Mitchell said t...