On Thursday, Lenovo Group reported a income of $12.9 billion in its first fiscal quarter (from April to June), reflecting a 24% decline year-on-year. The report acknowledged that the income decline was attributed to the sluggish international market. However, Lenovo maintained its main market share place in PCs (23.2%) worldwide. Lenovo’s CEO, Yuanqing Yang, introduced a $1 billion funding in AI development and software over the following three years, with expectations of implementing AI upgrades to the corporate’s sensible gadgets as early as subsequent 12 months. Additionally, Intel plans to launch the Meteor Lake 14th-gen Core processor for AI PCs in the third quarter of 2023, as indicated by the corporate’s second-quarter earnings report in July. [Lenovo]
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