Tencent's Tang Daosheng on "Slow AI Start": Endurance Matters More Than Being Early

Tang Daosheng stated that being early may not be the most critical factor—the second half of AI is just beginning, with new opportunities constantly emerging, market dynamics shifting, and the value distribution across business models and industry chains yet to be finalized. "I prefer to view the large model race as a marathon—we may have only completed the first kilometer. Starting early matters, but enduring long enough is what allows you to seize the opportunities that keep arising."