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Huawei CEO reveals plans to seize AI opportunities


Huawei CEO plans seize AI opportunities

Eric Xu emphasized the widespread interest in AI and laid out a comprehensive plan to improve Huawei's competitiveness without revealing specific details.

Xu clarified that the company is pursuing various initiatives in different areas to take advantage of new opportunities in AI. He added that Huawei is using AI in its internal management to increase operational efficiency and spearhead breakthroughs for shared success.

The company aims to revolutionize network operations and maintenance with its autonomous driving network solution. However, Xu did not provide any updates on the project's progress. He continued by saying that it is upgrading its 2018 release of the Celia smart assistant, which is linked to its developing Pangu AI models created for various industries.

Xu didn't talk about the company's main network carrier group or phones with high-end domestic chips. The company is restricted in importing advanced chips and other equipment. It also faces limitations in many western markets for its networking gear.

In August of last year, when Semiconductor Manufacturing International Corp., a state-owned company, gave Huawei 7 nm processors for the Mate 60 Pro, US officials became concerned about the Chinese chipmaker potentially bypassing export controls, despite the trade sanctions.

Approximately 500 analysts, researchers, and guests from around the world attended the 21st edition of the event, which this year excluded the media for the first time.

In 2023, the company's revenue increased by 9.6% to CNY704.2 billion. This growth was mainly driven by a 17.3% increase in consumer revenue, reaching CNY251.5 billion. As a result, the company's net profit skyrocketed by 144.5% year over year to CNY86.9 billion ($12 billion).

The company merged the revenue from its enterprise unit and carrier network division into a single figure last year. Its carrier group generated 44.2% of total revenue in 2022.

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