HP At Forefront Of Upcoming AI Revolution In PC Industry, CEO Says

HP Inc. HPQ CEO Enrique Lores believes that artificial intelligence, or AI, will revolutionize the personal computer industry, and his company is at the forefront of this transformative wave.

What Happened: Lores told CNBC's Jim Cramer that HP is developing a range of AI-enabled PCs that are poised to revolutionize the way users interact with their computers.

"[AI is] going to help us to redefine what a PC is, the experiences that customers will be able to get are going to be much different, and we are working with all the key software vendors, key silicon providers to redesign the architecture of a PC," Lores told Cramer, reported CNBC.

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With AI integration, these PCs will drastically reduce the time and effort required for tasks that involve data analysis. AI will not only streamline processes but also engage in dialogue, providing valuable insights and recommendations to users.

"I have never seen an opportunity like this, to really drive innovation and drive new type of customer needs that we really think are going to be fundamental," Lores added, according to the report.

The introduction of AI-enabled PCs is expected as early as 2024.

Why It Matters: As AI continues to impact the world — the surging popularity of ChatGPT being the biggest example — by leveraging the technology, HP is creating a new breed of PCs that can cater to the evolving needs of customers.

Apart from HP, Wendy's Co. WEN too plans to integrate AI into its services to revolutionize customer experiences. The fast-food chain plans to introduce a pilot program utilizing a robot-powered "underground delivery system" for online order pickups.

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