Lenovo To Venture $1 Billion in its AI business For Next Three Years By CIOTechOutlook Team

Lenovo To Venture $1 Billion in its AI business For Next Three Years

CIOTechOutlook Team | Thursday, 15 June 2023, 03:42 IST

Lenovo has announced a ground-breaking $1 billion commitment over the next three years to expand its infrastructure solutions and hasten the adoption of artificial intelligence (AI) by enterprises around the world. Lenovo hopes to make the adoption of new AI capabilities simpler by bringing AI straight to the source of data. With record-breaking revenue reaching $2 billion, increased digitalization, and a rising demand for IT infrastructure upgrades, Lenovo has set its sights high.

Lenovo will devote an additional $100 million to the Lenovo AI Innovators programme as part of its investment strategy. Over 150 cutting-edge AI-ready products were created as a result of this programme, working with 45 top independent software vendor (ISV) partners across Lenovo's expansive ecosystem.

Since the program's launch, these solutions have been built in just one year, enabling the quick deployment of advanced AI capabilities like generative AI, computer vision, prediction, and virtual assistants.

Lenovo ISG's president for the Asia-Pacific region, Sumir Bhatia, reaffirmed the firm's unshakable dedication to the development of AI. In his remarks, he emphasised that Lenovo's large investment not only shows their commitment to being the most reliable partner in their clients' intelligent transformation journeys, but also helps to advance AI technology innovation.

The Lenovo AI Innovators programme acts as a catalyst for AI adoption and discovery by bringing together a network of elite software partners to provide specialised, tested, and market-ready AI solutions. These options cover computer vision, audio recognition, prediction, security, and virtual assistants, making it possible for companies to use AI's potential across all facets of their operations.