Lenovo's Yang Yuanqing: AI is by no means a bubble overall and has entered a stage of universal benefit

Lenovo Group (00992.HK) Chairman Yang Yuanqing stated that AI will be the growth driver for the group in the future. He believes that in the early stages of any major innovation, there will be significant investment and intense competition, so some areas may experience bubbles, such as the bubble of large language models, which is difficult to avoid; however, AI as a whole will definitely not be a bubble.

He mentioned that AI has now entered a deeper inclusive stage, and large-scale infrastructure investment will spur the development of more terminal devices and applications. In the future, inclusive AI will also be a major direction, so the demand for more AI infrastructure will shift from training to inference, and the group will launch multiple inference servers to drive ISG business growth