Lenovo CEO Yang Yuanqing: In the next three years, an additional 7 billion yuan will be invested in AI technology and applications

According to IT House, Lenovo Group announced today its results for the first quarter of the 2023/24 fiscal year ending June 30, 2023: revenue of 90.3 billion yuan and net profit of 1.33 billion yuan. Yang Yuanqing, chairman and CEO of Lenovo Group, issued an internal letter after the announcement of the financial report, announcing that in the next three years, an additional investment of more than 7 billion yuan will be used to accelerate the deployment of artificial intelligence technology and applications on a global scale.

Yang Yuanqing said: "AIGC generative artificial intelligence and LLM large language model are catalysts and accelerators for the development and application of artificial intelligence. We must seize the opportunity. At the same time, we must also see that AIGC and LLM are only part of artificial intelligence, and our The intelligent transformation strategy is to create a full-stack capability driven by artificial intelligence from pocket to cloud. We will continue to develop artificial intelligence terminals, artificial intelligence infrastructure and industrial solutions empowered by artificial intelligence to help customers and Consumers get a jump in productivity across the board."