Shulou(Shulou.com)11/24 Report--

According to the latest forecast released by IDC on October 16, global companies will invest nearly $16 billion in GenAI solutions in 2023. It will reach $143 billion by 2027, with a projected compound annual growth rate (CAGR) of 73.3 per cent for the period from 2023 to 2027, more than twice the overall AI expenditure and almost 13 times the global IT expenditure over the same period.

Since the generative chatbot represented by ChatGPT has swept the world, it has triggered investment in artificial intelligence technology (AI) in various industries. Behind this, driven by AI technology, the productive forces accelerate the change and stimulate the arrival of the fourth scientific and technological revolution. It can be seen that the great era of AI is roaring along, accelerating the layout of AI has become the consensus of global science and technology enterprises.

As the world's leading ICT technology company, Lenovo has fully entered AI and announced that it will hold the annual Global Innovation and Technology Conference (Tech World 2023) with the theme of "AI for All" from October 24 to 25.

As the highest specification, largest and most extensive annual event of Lenovo Group, this year's Innovation and Technology Conference will focus on the AI era and explore how Lenovo can design, empower and redefine the next generation of artificial intelligence products, solutions and services, so as to accelerate the realization of AI-driven results for enterprises and consumers.

At that time, Yang Yuanqing, chairman and CEO of Lenovo Group, will deliver a keynote speech on how to give full play to the potential of artificial intelligence in the business. It is worth noting that NVIDIA founder, President and CEO Huang Renxun, AMD Chairman and CEO Dr. Su Zifeng and other global AI leaders will also attend Tech World 2023 and share the latest insights related to AI.

To meet the fourth Industrial Revolution, Global AI Expenditure is increasing

Throughout the history of human technological change, the outbreak of human scientific and technological revolutions is marked by the great-leap-forward development of productive forces caused by the new generation of general technology, which leads to subversive changes in the means of production and economic paradigm. If we say that the first industrial revolution and the second electric power revolution driven by steam engine and electrification respectively revolutionized the handicraft industry with mechanized large-scale production, and the third information technology revolution promoted by computer technology revolutionized the form of information exchange, it gave birth to the rise of the digital economy. So, this round of productivity multiplied by AI technology as the underlying general technology, to promote the more vigorous development of the digital economy, or will ignite the fourth scientific and technological revolution.

Based on the jump of productivity driven by AI technology, AI is generally regarded as the key to the fourth scientific and technological revolution. Some experts in the field of science and technology said in an interview that artificial intelligence may be comparable to the industrial revolution and the power revolution. The investment community also holds a unanimous view on this. For example, a certain technology stock manager said that AI technology has replaced some primary and repetitive work in many fields, significantly improved productivity, and it will lead to a leap in social productivity in the future, marking the beginning of the fourth industrial revolution.

The potential of AI is self-evident, the application of AI-related technology is accelerating penetration in various industries, especially the current digital economy as an important driving force of economic growth is developing in depth, and AI, as a new cutting-edge technology, is widely used in various fields and industries of digital economy. In this process, various industries have increased investment in AI to adapt to technological changes and accelerate industrial upgrading to achieve digital intelligence.

This is evidenced by the data provided by IDC. According to the Global artificial Intelligence Expenditure Guide released by IDC, the total global investment in artificial intelligence IT is US $128.8 billion in 2022 and is expected to increase to US $423.6 billion in 2027, with a five-year compound growth rate (CAGR) of about 26.9%. Among them, AI investment in China is expected to reach US $38.1 billion in 2027, accounting for about 9% of the world.

It can also be seen that, with the increase of expenditure on AI in various industries, technology enterprises with AI core competence products and services are expected to benefit from the development dividend period.

At present, the major technology enterprises mainly focus on computing power AI. As we all know, the development of AI technology is driven by three core elements: data, computing power and algorithm, in which computing power is rooted in data and supports algorithms upward, which is the core driving force leading the development of AI. Therefore, computing power has become the key direction of global science and technology enterprises in the era of AI.

It is worth noting that while AI has spawned a technological revolution, it has also ignited investment enthusiasm. At present, brokerage investment bank analysts have focused on the AI track and conducted in-depth research and analysis on its prospects and investment opportunities. These institutions generally believe that in the short and medium term, computing power is the first to benefit from the AI wave, which is the direction with the highest certainty. In the long run, AI will lead the digital upgrading of thousands of banks, and is expected to open trillions of dollars of potential market space and larger market capitalization space.

Deep ploughing calculus focuses on "Puhui", and brokerages are optimistic about the prospect of Lenovo Group AI.

This round of technological revolution led by AI not only drives the industrial change, but also opens up the incremental market space for ICT technology enterprises and brings broad development opportunities. As the world's leading ICT technology enterprise and intelligent device leader, Lenovo Group, supported by the "end-side-Cloud-Network-Intelligence" new IT technology architecture, is based on its core business and promotes the comprehensive layout of AI, so as to anchor the huge opportunities brought about by AI and build up its long-term growth.

Up to now, Lenovo Group has built intelligent terminals embedded in AI, such as AI PC; with AI accelerated computing power, AI-oriented infrastructure with AI server, AI storage and other products as the core, and AI native solution services such as hybrid cloud and Zhonghua service, establishing a comprehensive layout of "Puhui" computing products and solution services.

It is worth mentioning that based on decades of deep technology accumulation and computing genes, Lenovo Group has strong strength in the field of AI hardware and the derived cloud computing market. According to IDC, Lenovo is the fastest growing AI hardware infrastructure (server and storage) provider in 2022, up 139% from a year earlier, ranking third in the world.

R & D investment is an important indicator to measure the competitiveness of technology companies, and Lenovo Group has always paid attention to R & D investment in order to promote technological innovation and maintain competitiveness. In terms of AI, Lenovo announced that it would invest an additional US $1 billion (7 billion yuan) in the next three years to develop more and better AI-Ready products, services and solutions to meet market demand and drive its long-term business growth.

Based on the investment in AI and the innovation of AI-related products, Lenovo anchoring AI is very effective, including Huatai Securities, China International Capital Corporation and other leading securities firms unanimously suggested to pay attention to Lenovo AI business opportunities. Open source securities, Everbright Securities and other clear, Lenovo Group is the core target of the AI PC+AI server, is expected to continue to benefit from the AI industry chain opportunities to maintain the "buy" rating.

Standing in the tide of the surging development of AI, only by seizing the commanding heights of AI development can we stand out in this round of technological change. Lenovo Group is committed to investing in innovation to improve its long-term competitiveness, and now anchoring AI and computing power, on the one hand, brings new growth momentum to the core terminal business, on the other hand, it opens up new growth space through the penetration of AI in various industries.

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