Expertise large Lenovo has introduced a $1.2 billion funding in artificial intelligence, aiming to faucet into the projected $29 billion AI server and storage market and drive companion gross sales.
In keeping with CRN, Stacey Goodman, senior director of U.S. VAR Companion Gross sales for Lenovo, introduced this strategic transfer on the 2023 XChange Better of Breed convention.
Lenovo’s funding aligns with the {industry} development. Stated Goodman:
“We’re bringing AI to the sting for all enterprises with options which can be powered by our ThinkEdge AI platforms… via a various portfolio of on-prem deployments, scalable software program, and safe automation of edge deployments, we’re unlocking quicker insights and enterprise values for purchasers throughout quite a few sectors.”
2023 has been a banner yr for AI funding and improvement, thanks in no small half to the success of generative LLM chatbots like OpenAI’s ChatGPT or Anthropic‘s Claude. These corporations, now the market leaders within the area, have been adopted by Google, Meta, Amazon, and others into the fray, together with numerous startups and hopeful traders.
Market curiosity in AI has boosted adjoining corporations as effectively. NVIDIA, which manufactures market-standard chips for AI processing, posted a document $13B in revenue for Q2 this yr alone.
Others are transferring shortly as effectively. Solely last month, OpenAI introduced a multimodal replace to its common AI chatbot, ChatGPT, enabling it to course of photos, movies, voice, and textual content, whereas additionally gaining access to present data. Meta unveiled AI-integrated good glasses, Ray-Ban Tales, pushing the boundaries of wearable computing. Amazon fueled competitors by investing as much as $4 billion in AI startup Anthropic, marking its assertive transfer into the AI market, whereas aiding the event of Anthropic’s superior AI mannequin, Claude-Subsequent.
With these developments, Lenovo’s newest funding provides to the rising momentum within the AI sector, demonstrating an industry-wide recognition of the potential transformative energy of AI applied sciences.
The put up Lenovo directs $1.2B into artificial intelligence research as AI investment markets boom appeared first on CryptoSlate.
Discussion about this post