Lenovo directs $1.2B into artificial intelligence research as AI investment markets boom

Technology elephantine Lenovo has announced a $1.2 cardinal concern successful artificial intelligence, aiming to pat into the projected $29 cardinal AI server and retention marketplace and thrust spouse sales.

According to CRN, Stacey Goodman, elder manager of U.S. VAR Partner Sales for Lenovo, announced this strategical determination astatine the 2023 XChange Best of Breed conference.

Lenovo’s concern aligns with the manufacture trend. Said Goodman:

“We’re bringing AI to the borderline for each enterprises with solutions that are powered by our ThinkEdge AI platforms… done a divers portfolio of on-prem deployments, scalable software, and unafraid automation of borderline deployments, we’re unlocking faster insights and concern values for customers crossed galore sectors.”

2023 has been a banner twelvemonth for AI concern and development, acknowledgment successful nary tiny portion to the occurrence of generative LLM chatbots similar OpenAI’s ChatGPT oregon Anthropic‘s Claude. These companies, present the marketplace leaders successful the field, person been followed by Google, Meta, Amazon, and others into the fray, on with countless startups and hopeful investors.

Market involvement successful AI has boosted adjacent companies arsenic well. NVIDIA, which manufactures market-standard chips for AI processing, posted a grounds $13B successful revenue for Q2 this twelvemonth alone.

Others are moving rapidly arsenic well. Only last month, OpenAI announced a multimodal update to its fashionable AI chatbot, ChatGPT, enabling it to process images, videos, voice, and text, portion besides having entree to existent information. Meta unveiled AI-integrated astute glasses, Ray-Ban Stories, pushing the boundaries of wearable computing. Amazon fueled contention by investing up to $4 cardinal successful AI startup Anthropic, marking its assertive determination into the AI market, portion aiding the improvement of Anthropic’s precocious AI model, Claude-Next.

With these developments, Lenovo’s latest concern adds to the increasing momentum successful the AI sector, demonstrating an industry-wide designation of the imaginable transformative powerfulness of AI technologies.

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