After years of industry downturn, Lenovo has achieved profit growth for the second consecutive quarter by seizing opportunities in artificial intelligence. The company's net profit reached $243 million, a 38% year-over-year increase, far exceeding analysts' expectations. Total revenue grew to $15.45 billion, a 20% increase. This growth was mainly attributed to strong performance in the computing, infrastructure, and services sectors. Lenovo also achieved 'market-outperforming growth' by launching AI-powered PCs and smart devices, as well as expanding in the AI infrastructure sector.

Lenovo Group reported impressive performance in its Q1 FY2024/25 earnings report released today. As of June 30, 2024, the quarterly revenue reached 111.9 billion RMB, a 20% increase compared to the same period last year; according to non-Hong Kong financial reporting standards, net profit approached 2.3 billion RMB, achieving a remarkable 65% year-on-year growth. Furthermore, the revenue share from non-PC businesses reached a record 47%.

Lenovo Group unveiled the new ThinkPad and ThinkBook business AI PCs at MWC 2024. The new AI PCs feature the latest Intel Core Ultra processors and come with the Windows 11 operating system. The company introduced software solutions, including Lenovo Identity Advisor and Smart Connect. Lenovo also showcased the latest concept product, the ThinkBook Transparent Screen Laptop, revolutionizing user experience.

Lenovo is working closely with Nvidia to provide AI professional services that help customers quickly deploy hybrid AI solutions. The collaboration aims to strengthen capabilities in the AI field and offer better solutions to customers.

At the 2023 Lenovo Tech World Conference, Lenovo CEO Yang Yuanqing proposed that the next generation of generative artificial intelligence will be 'personal foundational models' trained solely on user information. These personal foundational models will enable users' devices to have personal AI that can plan trips and understand users' restaurant or activity preferences without needing an internet connection. Lenovo's model compression technology allows personal foundational models to run on users' devices, acting as a digital extension of the user, representing the user in purchasing goods, etc.

Intel CEO predicts that AI PCs will replace trillion-dollar traditional PCs in the next decade. Lenovo will be among the first to release the latest Intel-based AI PCs this fall. AI PCs will bring a productivity revolution as PC manufacturers find ways to make computers great again.