Grace Hsiao

It's all kind of a bit of a murky area, to be honest.

So I actually split that into two parts.

On the data itself, people often think China is so data intensive and you just have a vast amount of data to use for AI training.

However, actually people forget, again, China's enterprise build out or, you know, whatever, the knowledge work economy is very new and not as sophisticated, frankly, as the American ecosystem or the Western ecosystem, if you have to put it that way.

So data is often unstructured and data thus

a lot of the specific needs for, you know, the kind of training we're seeing today is not as vibrant or the data ecosystem is not as sophisticated as what American data providers kind of can provide, such as Mercore, like we just mentioned.

Now on the

Big tech side, it's been interesting.

So I'm glad you brought up Tencent because Tencent actually just announced last week that they are working in the works of creating an agent that can be plugged into WeChat.

This has been very controversial and it has actually had a lot of pushback even internally because WeChat's product manager, Alan Zhang, has been famously or notoriously known to be kind of hard to work with if you want to push something within WeChat because he's so protective of that user experience.

It's his baby, right?

And Tencent, like you said, has WeChat, which is a super app that has more than 1.4 billion MAU globally, like mostly 1.3 billion people in China and the Chinese diaspora globally or people who work with China.

That is immense value.

But the risk and compliance risk of potentially an agent going rogue within that chatbot or

that of agent going rogue in executing, you know, whether it's a purchase or whatnot, that risk is very high.

So they've been working on that.

And on top of that, Tencent itself has been lagging behind compared to other big tech in their own proprietary models.

And they've really been trying to really play catch up.

They actually last year poached someone from OpenAI, who is a researcher called Yao Xunyu as well, same name as the other researcher we just mentioned, to lead this whole initiative.

And their whole goal is to basically build a Tencent agent native model.