Naspers’s golden goose scrutinised over AI spending

• Naspers's golden goose, Tencent Holdings, is being scrutinized over its AI spending plans, which have raised investor concerns.
• Tencent's AI spending plans are part of a larger trend in the tech sector, with many companies investing heavily in AI development, but struggling with profitability and cash flow.
• The scrutiny on Tencent's AI spending plans comes as investors cool on lavish outlays on AI, following a recent decline in tech stocks, including the 'Magnificent Seven' which lost $797 billion in a day.