Lenovo, a leading technology company, recently announced its entry into the rapidly growing AI PC market, with plans to launch an AI PC priced between $1,000 and $1,500. This strategic move aligns with the shifting demands of users amidst the rising popularity of hybrid artificial intelligence technology. The announcement coincided with the disclosure of Lenovo’s favorable financial performance for the third quarter of the fiscal year 2023/24, underscoring the company’s continued expansion and strategic vision.
Lenovo’s President Reveals Plans to Launch AI PC in April
During a session with investors following the financial report, Liu Jun, the Executive Vice President and President of Lenovo China, spoke about the forthcoming launch of the AI PC at their Innovation Technology Conference in April. Liu acknowledged the initial high cost of the device, attributing it to the expenses associated with chip computing power and software development. However, he expressed optimism about future price reductions as technology advances.
Lenovo‘s Chairman and CEO, Yang Yuanqing, emphasized the game-changing potential of AI PCs, highlighting how models like Sora are spurring demand for AI computing power and facilitating the widespread adoption of AI in various spheres. He underlined Lenovo’s strategic positioning to lead this transformation and expand the market through both performance enhancements and innovative breakthroughs.
Yang sees an AI-powered revolution coming to the PC industry, with the integration of large language models (LLMs) as a key driver of growth. He highlights that the already strong PC market is poised for further expansion as consumers seek AI-enabled computers.
Furthermore, Lenovo is reportedly planning to launch a new AI operating system later this year, which could compete with established systems like Microsoft’s Windows 11. This development is part of Lenovo’s broader strategy, as evidenced by a 7% increase in revenue year-on-year and quarter-on-quarter for their core Intelligent Devices Business Group in Q4 2024, showcasing their ability to capture more market share and drive sales of high-value products.
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