Tencent opens US based AI lab

Chinese technology giant, Tencent Holdings is set to open an artificial intelligence (AI) research facility in Seattle in the US, headed by former Microsoft scientist Yu Dong.

Shenzhen-headquartered Tencent, which owns WeChat, is one of Asia’s most valuable companies with a market capitalisation of nearly $300bn. WeChat has more than 889 million monthly active users.

The company currently has over 50 researchers and more than 200 engineers at its AI Lab in Shenzhen, which was established in April 2016. The initial goal for the Seattle lab is to build a team of 20.

Tencent recently invested £1.4bn in Tesla giving it a five per cent stake in the business.