Kai Zao's questions to Tuya Inc (TUYA) leadership • Q2 2024
Question
Kai Zao from CICC asked for an update on Tuya's GenAI strategy, seeking details on progress, key functions, customer feedback, investment plans, and the potential monetization model.
Answer
Incoming CFO Alex Yang detailed that Tuya is actively developing GenAI-enhanced products like smart watches and speakers, with trial production expected in Q4 2024 and revenue impact beginning next year. He outlined two potential monetization approaches: a SaaS model with end-user subscriptions for GenAI features, and a model where GenAI capabilities are included as a priced add-on within Tuya's PaaS or Smart Solution offerings for business customers.