针对全球化与出海挑战，杨元庆分享了联想的应对策略："全球化趋势不可逆转，但我们也需要适应世界上出现的新的挑战和新的要求，比如结合本地化发 展。联想通过全球资源整合与本地交付，应对关税及政策变化。我们已在 11 个国家建立 33 家工厂，形成端到端整合的 'ODM+' 模式，确保在高关税市场 保持竞争力。" 会后，杨元庆在接受记者采访时分享了它对于智能体发展趋势、关税对于科技公司的影响以及企业出海等观点。 杨元庆称，"超级智能体是提高生活质量和生产力水平的下一个引爆点，它已经不再只是一个工具，而是个人和企业的'认知操作系统'。它是个人和企业亟 待解决的需求与问题的总入口，令出即行"。 他强调："超级智能体不是与设备捆绑，而是与人绑定。它将成为个人的认知操作系统，利用所有设备上的数据增强智能，同时确保数据安全和隐私。" 面对 AI 智能体自主决策能力增强带来的伦理挑战，杨元庆提出，混合式 AI 是解决数据安全问题的关键方向。"公有 AI 在回答用户问题时可能暴露个人隐 私数据，而混合式 AI 通过个人可信计算，利用本地设备的计算能力对私有数据进行学习和推理，避免隐私泄露。" 另外，对于"改变头脑，升级电脑"的观点 ...

Group 1 - The Hong Kong stock market opened with mixed performance in the Hang Seng Index and Hang Seng Tech Index, with energy, finance, and consumer sectors showing gains [1] - The Hong Kong Tech 30 ETF (513160) declined by 0.80%, with a turnover rate exceeding 7% and a transaction volume over 800 million yuan [1] - The ETF market has seen significant inflows this year, with a net inflow of over 249.3 billion yuan as of May 7, and stock ETFs accounting for over 50% of this inflow [1] Group 2 - Haitong International's report suggests investors should wait for a second bottoming opportunity in May, particularly focusing on internet and AI applications [2] - The internet sector has lagged in the recent market rebound but has caught up after a significant rise last week, indicating potential future opportunities [2] - The report highlights the ongoing benefits in foreign trade and cross-border payment sectors due to deepening trade relations between China and ASEAN, as well as Japan and South Korea [2]

Group 1: AI Infrastructure Innovations - Lenovo is addressing industry pain points by upgrading hybrid AI infrastructure across multiple dimensions, focusing on computing efficiency and energy efficiency [1] - The company introduced four innovative technologies in computing efficiency, including AI inference acceleration algorithms that outperform the best industry solutions by 20%, and an AI compiler optimizer that reduces training and inference costs by over 15% [1] - Lenovo's new version of the heterogeneous intelligent computing platform, Wanquan 3.0, has achieved leading industry results in various high-quality AI cluster scenarios [1] Group 2: Green Computing Solutions - Lenovo has achieved significant energy efficiency improvements through liquid cooling technology, with a new immersion cooling system that doubles the cooling capacity compared to traditional solutions and achieves a system PUE as low as 1.035 [2] - The company launched a dual-optimization operational system for computing services, which enhances cluster resource utilization by 13% and identifies 58% of ineffective instances [2] Group 3: Data Infrastructure and Services - Lenovo's subsidiary, Lenovo Lingtuo, announced a new storage combination aimed at providing high-performance, reliable, and scalable solutions for AI, high-performance computing, big data analytics, and various unstructured data applications [2] - The goal is to create a unified data foundation for enterprises, facilitating a flexible architecture with strong data protection and higher scalability [2] Group 4: Strategic Vision - Lenovo's Vice President emphasized the company's commitment to building a more powerful, efficient, stable, and green hybrid infrastructure to accelerate the implementation of hybrid AI across various industries [3]

2011年以来，联想创投已连续投资了超过50家机器智能相关企业。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 联想集团副总裁、联想创投管理合伙人王光熙 在日前举行的 2025联想创新科 技大会 " 具身智能与智能驾驶技术创新论坛 " 上发表了《具身进化，驶向未来》主题演讲，探讨了 具身智能的技术演进路径、商业化落地逻辑及联想创投的生态赋能策略 。 王光熙强调，联想创投深耕机器智能已超 10年，投资超50家相关企业，见证了从机器人核心部件到 具身智能的发展历程，并将迎来与智慧出行融合发展的新10年。作为联想集团CVC，联想创投将继 续坚持与被投企业"双向赋能"，发挥联想集团资源优势，支持被投企业发展，同时携手合作伙伴， 构建更健康高效的具身智能产业生态，加速技术创新与落地。 以下是演讲全文： 各位嘉宾、朋友们大家下午好！ 很荣幸与大家相聚在 "具身智能与智能驾驶技术创新论坛"。 2024 年，我们与研究院联合举办首届 机器人分论坛，那时机器人与智能驾驶已备受瞩目。而如今，这两个领域热度持续攀升，新的技术突 破与产业实践不断涌现，令人振奋。今年 ...

Summary of Lenovo Group Conference Call Company Overview - **Company**: Lenovo Group - **Date**: May 8, 2025 Key Points Industry Insights - Lenovo effectively addresses geopolitical challenges through an ODM model and local delivery of global resources, operating over 30 production bases in 11 countries, including Hungary for Europe and Mexico for North America [2][3][4] - IDC forecasts a single-digit growth in the PC industry shipment volume by 2025, while Lenovo is confident in achieving a mid-to-high single-digit year-on-year growth [2][8] Product Innovations - The Lenovo Innovation Technology Conference focused on hybrid artificial intelligence, introducing AI PCs and enterprise intelligent solutions, defining three core functions of super intelligent agents: perception and interaction, cognition and decision-making, and hybrid AI [2][5] - Lenovo's super intelligent agents are designed to handle complex tasks and optimize systems through knowledge accumulation and task decomposition [2][6] Market Performance - Lenovo's mobile business is expanding into high-end markets (Raza and Edge series) and new regions (Europe, Middle East, Africa, Asia-Pacific), with high-end mobile revenue accounting for 20% to 30% of total revenue [3][16] - The ISG (Infrastructure Solutions Group) business benefits from the global demand for AI servers, with a significant increase in domestic X86 server market share from under 5% in 2023 to over 11% currently [3][18] Financial Outlook - Lenovo anticipates that by 2027, over 80% of PC shipments will be AI PCs, with diverse monetization models including subscriptions and token-based fees [2][11] - The company expects stable profit margins in its mobile business, currently at 16% to 17%, with potential for further improvement as scale increases [3][16] Strategic Responses - Lenovo's response to evolving tariff policies includes leveraging its global production capabilities, ensuring supply continuity despite potential impacts on specific regions [3][4][23] - The company maintains a positive outlook on its growth trajectory, emphasizing the importance of its core businesses like CSP (Cloud Service Provider) and ESMB (Enterprise Small and Medium Business) for future profitability [20][22][24] Additional Insights - Lenovo's AI-related applications are still in the early stages, with expectations for initial monetization to begin in late 2025 or early 2026 [14] - The company has integrated over 2,000 applications across various categories, enhancing the user experience and expanding its AI ecosystem [15] Conclusion - Lenovo Group is positioned for growth through innovative product offerings, strategic market expansions, and effective responses to external challenges, with a strong focus on AI integration and profitability enhancement across its business segments [24]

Core Viewpoint - Lenovo is making a significant push into the AI agent market, aiming to transition from being perceived primarily as a hardware manufacturer to a company centered around AI agent services [3][10]. Group 1: AI Agent Strategy - Lenovo has launched a comprehensive "Silicon-based Team" of AI agents, targeting personal, enterprise, and urban applications [1][7]. - The company plans to evolve its AI offerings from being device-bound to being human-centric, indicating a shift in focus towards user interaction [1][10]. - Lenovo's AI agents are designed to integrate perception, cognition, decision-making, and self-evolution capabilities, aiming to create a complete "AI Twin" [9]. Group 2: Product Offerings - The newly introduced AI agents include the "Lenovo LeXiang" for enterprises and the "Tianxi" personal AI agent, with plans for every enterprise to have its own "Silicon-based Team" [7][10]. - The "LeXiang" enterprise AI agent can autonomously execute tasks across devices and ecosystems, significantly improving task execution efficiency [14]. - The "Tianxi" personal AI agent will be embedded in various AI terminals, facilitating cross-device interaction [14]. Group 3: Market Positioning and Collaboration - Lenovo's approach to AI agents is unique as it combines its existing product ecosystem with new AI capabilities, positioning itself as both a competitor and collaborator with major AI model companies [6][15]. - The company emphasizes the need for partnerships to build a robust AI ecosystem, indicating a collaborative approach to developing AI agents [15][16]. Group 4: Business Growth and Future Outlook - Lenovo's AI solutions and services business in China is projected to exceed 18.8 billion yuan in revenue for the fiscal year 2024, ranking second in the IT services market [18]. - The company has launched the "Sunrise East 2025" strategy to accelerate China's intelligent transformation through hybrid AI solutions [18]. - Lenovo's commitment to local manufacturing and adaptation to market changes is highlighted, with a focus on maintaining growth despite external challenges [17].

在AI技术快速落地的过程中，数据安全与隐私保护成为杨元庆反复强调的底线。他明确表示："用户隐 私与企业数据安全是联想AI创新的基本原则，不可妥协。保护个人隐私、保护企业知识产权是现在推 广个人智能以及企业智能的主要出发点。" 新华财经上海5月8日电（记者郭慕清、沈寅飞）近日，在联想Tech World 2025创新科技大会上，联想集 团董事长兼CEO杨元庆正式发布覆盖全场景的超级智能体矩阵，包括联想天禧个人超级智能体、联想乐 享企业超级智能体、联想城市超级智能体及新一代联想推理加速引擎，并阐述其技术升级方向与用户服 务能力。 杨元庆在接受新华财经采访时表示，联想天禧具备三大核心能力：更强的环境感知与交互能力、个性化 认知与决策支持、自主任务规划与持续学习能力。用户可通过语音、文字、设备触控等自然方式与智能 体进行交互。 其中，在个性化服务方面，联想天禧通过长期记忆功能记录用户习惯与偏好。例如，用户规划旅行时， 智能体不仅能推荐符合预算的酒店，还能根据历史行程安排交通、预订餐厅，甚至细化到提醒用户携带 特定物品。智能体不再依附于单一设备，而是与"人"绑定，整合用户所有设备的数据，在安全和隐私的 前提下，成为个人 ...

通过以上双向资源整合能力，中国供应链的规模与效率是联想的"底盘优势"，而全球其他市场的技术、人才与本地化经验则是"增量优势"。两者的有机结 合，使联想既能输出"中国效率"，又能融合"本地文化"，形成差异化竞争力。 关税承压下的"确定性"应对：比对手更快、更稳、更灵活 针对外界关注的美特朗普政府高关税影响，杨元庆强调："联想不怕关税，怕的是不确定性。"基于20余年应对各国关税政策的经验，联想构建了一套成熟 的"政策响应机制"： 本地化交付能力前置，在目标市场建立生产、研发、服务全链条，将"中国制造"转化为"本地整合"，既缩短交付周期、满足客户个性化需求，又通过合规的 本地化运营规避贸易壁垒。 在全球贸易环境复杂多变的当下，关税等壁垒成为中国企业出海的主要挑战。面对这一议题，联想集团董事长兼CEO杨元庆近日在Tech World上回应媒体时 明确表示，中国作为联想全球战略和制造的核心大本营，其完整的制造业生态、高效的供应链网络与强大的研发能力，是联想抵御外部冲击的"定海神针"。 基于以中国为根，向全球延伸的全球资源本地交付的"新型全球化"，联想不仅能有效化解关税等压力，更许下"市场份额不掉、利润不掉"的双重承诺， ...

其中，万全异构智算平台3.0在全面落地去年5大差异化技术的基础上，通过持续创新的四大异构智算技 术，助力本地基础设施算力效率实现新的突破。比如，AI推理加速算法集，可帮助AI推理性能提升5-10 倍；AI编译优化器，使得训练和推理计算成本至少降低15%； AI训推慢节点故障预测与自愈系统，实 现了百卡秒级、千卡分钟级、万卡十分钟级故障自愈；专家并行通信算法，则将推理延迟降低了至少3 倍。 值得注意的是，联想此次推出的全新算力服务器家族，采用最新一代的英特尔®至强®6处理器，与上 一代相比，配备更多内核和更快内存，每个内核均内置 Al加速功能，性能更上一层楼，可有效应对从 边缘到数据中心再到云端的严苛AI 挑战。例如，单处理器核数提升225%，AI工作负载性能提升翻倍， 单机柜性能输出提升42%。 陈振宽表示，"此次六大创新技术的发布与两大重磅升级，是联想中国基础设施业务群坚持"一横五 纵"战略布局的成果。未来，我们将继续深挖技术创新潜力，积极构建生态，通过打造持续迭代的混合 式基础设施。"（文猛） 责任编辑：何俊熹 新浪科技讯 5月8日晚间消息，在2025联想创新科技大会上，联想中国基础设施业务宣布全线产品升 ...

Core Viewpoint - Lenovo Group is committed to exploring a new paradigm of industry-university-research collaboration to accelerate the commercialization of scientific research results and achieve a win-win situation between industry and academia [1][12]. Group 1: Event Overview - Lenovo held the first Industry-University-Research Cooperation Forum and Outstanding Achievement Award Ceremony on May 7 during the Lenovo 2025 Innovation Technology Conference in Shanghai, themed "Leading New Industry-University-Research Cooperation, Supporting the New Decade of AI" [1][12]. Group 2: Awarded Projects - Three projects received the "Outstanding Cooperation Achievement Award": 1. High-brightness magnesium alloy in collaboration with Shanghai Jiao Tong University, which has achieved ten times the corrosion resistance of traditional magnesium alloys and a 30% weight reduction compared to traditional aluminum alloys [3][5]. 2. Hybrid cloud root cause positioning and trend prediction, which has been applied to Lenovo's global data centers and smart cloud products [7]. 3. Human-aligned common technology based on large language models, which has created several industry-first records [9]. Group 3: Technological Innovations - The high-brightness magnesium alloy project has been successfully registered as the first national standard in its field and is used in Lenovo's ThinkBook X and YogaBook 9i laptops, as well as in the SJTU Siyuan II lunar satellite [5]. - The hybrid cloud project has made breakthroughs in private cloud architecture design and operational strategy planning, enhancing the planning capabilities and fault diagnosis levels of Lenovo's smart cloud products [7]. - The large language model project has developed a framework for adaptive instruction data generation and fine-tuning, improving task understanding and instruction following capabilities [9]. Group 4: New Paradigm of Cooperation - Lenovo's new paradigm of industry-university-research collaboration is characterized by four "new" aspects: seizing new opportunities in AI, strengthening the role of "new chain leaders," reshaping relationships between partners, and aiming for new peaks in technological achievements [13][15]. Group 5: Recognition and Support - Lenovo awarded the "Best Cooperation Partner Award" to several institutions, including Shanghai Jiao Tong University and Tsinghua University, to recognize their contributions [14]. - Each awarded project team received funding from the Next Big Exploration Fund to support further research [9].