Tencent Stockpiled Nvidia AI Chips for ‘a Couple of Generations’

Tencent Holdings Ltd. dismissed concerns that US export controls will constrain its AI development capabilities, at least for the foreseeable future.

The Shenzhen-based company has stockpiled Nvidia Corp.’s H800 artificial intelligence accelerators, enough to develop its proprietary Hunyuan AI model for at least another couple of generations, President Martin Lau said on an analyst call after earnings on Wednesday.

“Right now we actually have one of the largest inventories of AI chips in China among all the players,” Lau said. “We were the first to put in orders for H800 and that allows us to have a pretty good ...