LENOVO GROUP (00992) partners with Volcano Engine to implant bean bag large model.

On December 26, 2024, Lenovo (00992) officially announced a partnership with Volcano Engine to implant the "Super Brain" bean model into its AI desktop assistant Ruyi (AI Stick), enhancing the user experience in all aspects. After the upgrade, Ruyi introduced three new AI functions: 1) AI Search: Goes beyond traditional searches, providing users with the most reliable and useful results every time they search. 2) AI Writing: Can generate in-depth articles, personal blogs, marketing copies, professional email templates, and various other types of content based on customer needs. 3) AI Chatting: Integrated with the universal model "pro" of the bean, it can meet the diverse scenario needs of users in office, study, leisure, and entertainment. With the help of the bean universal model "pro", Ruyi has transformed from a traditional system tool assistant to an intelligent conversational comprehensive assistant, greatly improving the intelligent interaction experience between users and PC systems, and enhancing Lenovo's competitiveness in the PC market. At the industry level, Windows 10 will stop services on October 14, 2025, and by then, around 240 million PCs may not be able to upgrade to Windows 11. With the cessation of Windows 10 and the upgrade to AI, there may be a wave of PC replacements, which is a positive development for PC companies. The team predicts that Lenovo's FY2025/FY2026 net profit attributable to the parent company will be $12.99 / 14.62 billion, with corresponding PEs of 11.9 / 10.5x.