Lenovo also cashes in on AI demand, without being able to turn it into profit
Demand for cloudy CPUs has levelled out at top Chinese clouds Alibaba and Tencent, whose customers increasingly want GPUs instead.
Mitchell said"percentage growth rates are very fast" for GPU rental, but admitted that's partly because of a low base rate of business."Some of that demand for renting GPUs in the cloud is incremental, some of it is replacing demands that would otherwise have existed anyway for renting CPUs in the cloud," he added.
Nor did Lenovo in its quarterly earnings call, which saw its Infrastructure Solutions Group post record revenue of $3.2 billion – up 65 percent year-on-year – thanks in part to AI creating demand for both conventional servers and GPU-equipped machines.
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