Artificial intelligence is breathing new life into many industries. One unexpected beneficiary is personal computers, a sector that had been suffering a two-year global demand slump. Stronger than expected earnings this week at the world’s largest PC maker offer confirmation that AI-enabled devices will mean new growth.
China’s Lenovo Group reported a 9 per cent rise in revenue to $13.8bn for the March quarter, marking the second straight quarter of sales growth, a turnaround following five quarters of declines. Net profit for the quarter more than doubled.
Among the long list of industries perceived to gain from the hype around generative AI, the boost the PC sector should soon enjoy is one of the most straightforward. PCs equipped with faster processors and AI algorithms that can generate conversation, images and real-time language translation are already here.