AI Weekly Malaysia

Tencent disclosed it spent $53B in capex last quarter and could rent that compute at 30%+ profit margins almost immediately, but is instead building its own models and selling tokens through products like WorkBuddy (an agent swarm) and CodeBuddy (code generation). It released the 295B open-weight Hunyuan-3 in July and says Hunyuan-4 will be larger and more capable, with products being co-designed around it.

Why: Tencent is publicly betting that selling AI tokens through applications is more lucrative than renting raw compute — a signal for SaaS founders on where margin sits in the AI stack. The 295B open-weight Hunyuan-3 is available now for builders who want a Chinese-ecosystem alternative to Llama, and Tencent Cloud's active push of CodeBuddy for cloud migration means teams evaluating Tencent Cloud should ask how bundled AI tooling affects their pricing and lock-in.

Anthropic's preliminary Q2 2026 revenue exceeded $11.5 billion, up from $787 million a year earlier and $4.73 billion in Q1 2026, a 14-fold year-over-year jump, according to documents viewed by Bloomberg. The company also posted positive adjusted operating income and is preparing for a potential IPO.

Why: If you are deciding which LLM provider to build agents or products on, Anthropic's revenue trajectory and profitability suggest Claude is not going away soon and has enterprise staying power—relevant for lock-in risk assessments. The quarter-over-quarter jump from $4.73B to $11.5B indicates accelerating corporate adoption, particularly for coding use cases, which may mean pricing or API terms could shift as Anthropic gains leverage post-IPO.