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.

Intel announced layoffs of 15,000 employees to cut costs and improve profitability. As part of its 2025 plan, the company expects significant reductions in R&D and marketing spending by 2026, with a 20% decrease in capital expenditures this year. The layoffs, representing 15% of its workforce, led to a nearly 20% drop in stock prices. CEO Pat Gelsinger acknowledged poor financial performance in Q2, with a $1.6 billion loss and only 1% revenue gro....

Adobe's outlook for future sales is lukewarm as generative AI tools fail to quickly boost performance, disappointing investors. The company has lowered its fiscal year revenue forecast to $21.4 billion, indicating that the contributions from generative AI products may take longer to materialize. The recurring revenue in the digital media segment for the new fiscal year falls short of expectations.

Investment in AI is becoming increasingly significant for the S&P 500. Microsoft and Nvidia have driven much of the index's rise, and many companies need to meet market expectations for their profit outlook. Nvidia is the primary engine driving profit growth, with stock price increases outpacing earnings expectations.

According to McKinsey's latest article, generative AI could add between $2.6 trillion and $4.4 trillion in value to various industries globally each year. The banking sector is expected to achieve potential annual profits of $200 billion to $340 billion, equivalent to 9% to 15% of operating profits. To adopt generative AI, banks need to implement change management in areas such as leadership alignment, accountability in business units, and value-centered use cases. To ensure success, the article outlines seven key dimensions, including strategic planning, talent, technology, data, and risk control.

Bit Digital is rapidly expanding its business into the AI infrastructure sector by signing agreements to provide cloud-based GPU resources for clients at its data centers. The profit margins in artificial intelligence are higher, which can provide stable revenue for the company's core business. The company is purchasing high-performance computing equipment to deploy at data centers and provide services to AI firms, transitioning to AI business to diversify Bit Digital's revenue sources.

360 Smart Brain successfully entered the domestic large model market and achieved impressive results. It performed excellently on the C-Eval leaderboard, ranking 4th. The article introduces the development history of 360 Smart Brain and the strong support of its algorithm team.

Artificial intelligence is expected to generate over $580 billion in additional profits for major North American retailers and restaurants like Amazon and Walmart. The research indicates that by 2029, the largest 212 public retailers and restaurants in North America will produce over $1.5 trillion in additional financial impact. The development of AI will present tremendous opportunities for the retail industry, particularly in terms of sales growth and cost reduction.

The Australian News Group reported a 75% decline in annual profits, primarily due to a drop in print and digital advertising revenue in Australia. For the first time, more than half of the group's revenue came from digital streaming, and it holds an optimistic view on the potential of artificial intelligence. The group is actively negotiating to determine the value of its unique content collection and intellectual property in the AI era.