Recently, Lenovo Group announced its financial report for the second quarter of the 2023 fiscal year, showing that the company continues to maintain growth momentum supported by strong sales of smart devices. For the three months ending in September, Lenovo's net profit increased by 44% year-on-year to $359 million, slightly surpassing analysts' expectations of $355 million. As the world's largest personal computer manufacturer, Lenovo's ongoing investments in artificial intelligence technology are gradually showing results. Company executives stated that they are committed to launching AI-powered personal computers.

Against the backdrop of rising global chip demand, semiconductor manufacturing company TSMC announced its financial results for the third quarter of 2024, which were impressive. The company reported a net profit of NT$352.3 billion (approximately $10.1 billion), an increase of 54% compared to the same period last year. This achievement surpassed market analysts' expectations, with Reuters previously estimating a net profit of NT$300.2 billion. Image source: The image was generated by AI, provided by the image licensing service Midjourney. TSMC is a global leader in advanced chips.

Meitu Inc.'s financial report for the first half of 2024 shows a total revenue of 1.62 billion yuan, a year-over-year increase of 28.6%, with an adjusted net profit of 270 million yuan, representing an 80.3% growth. The increase in revenue and net profit is mainly attributed to the advancement of generative AI technology, particularly in the application of imaging and design products. Subscription revenue reached 930 million yuan, reflecting a year-over-year growth of 54.5%, accounting for 57.4% of total revenue. As of June 30, the number of paid subscribers exceeded 10.81 million, with a penetration rate of approximately 4.2%. Meitu's Design Studio focuses on e-commerce design.

iQIYI's revenue in 2023 is 31.9 billion with a net profit of 2.8 billion; plans to develop AIGC and overseas expansion as new businesses.

Baidu's net profit increased by nearly 40% in 2023, with total revenue of 134.598 billion yuan and net profit of 28.7 billion yuan. In the fourth quarter, Baidu's net profit was 7.755 billion yuan, with core revenue of 103.465 billion yuan. The monthly active users of Baidu App reached 667 million, and Baidu Smart Cloud generated total revenue of 8.4 billion yuan in the fourth quarter. Large models contributed approximately 660 million in incremental revenue for cloud business. The inference cost of the Wenxin large model has been reduced to 1% of the version from last March, with daily invocation exceeding 50 million times and total applications surpassing 50 million times on the AI chip.

Baidu's net profit for 2023 surged 39% to 28.7 billion yuan. Baidu's total revenue for the entire year of 2023 is 134.598 billion yuan. Baidu's total revenue for the fourth quarter of 2023 is 35 billion yuan. Baidu's net profit under non-GAAP for 2023 reached 28.7 billion yuan.