Lenovo CEO: Integration of digital and real economy empowers manufacturing innovation

Yang Yuanqing, chairman and CEO of Lenovo Group, shares his insights on the integration of digital and real economy at the Summit on Innovation and Development of the 7th World Intelligence Congress in Tianjin, on May 18, 2023. [Photo provided to chinadaily.com.cn]

Yang Yuanqing, chairman and CEO of Lenovo Group, shared his insights on the integration of digital and real economy at the conference.

He said the manufacturing industry should elevate innovation to a strategic level by increasing investment in research and development and enhance their capabilities in technological innovation.

With breakthroughs in key technologies, enterprises can develop new products and models and gain a unique competitive advantage, enabling them to take the initiative in their development.

He emphasized that efforts should be placed on the construction of new infrastructure to provide the necessary computational support for improving productivity.

Recent developments such as the popularity of large language models like ChatGPT have demonstrated the value of AI for the real economy, which deserves attention and further research.