Expertise large Lenovo has introduced a $1.2 billion funding in synthetic intelligence, aiming to faucet into the projected $29 billion AI server and storage market and drive associate gross sales.
In keeping with CRN, Stacey Goodman, senior director of U.S. VAR Accomplice Gross sales for Lenovo, introduced this strategic transfer on the 2023 XChange Better of Breed convention.
Lenovo’s funding aligns with the {industry} pattern. Mentioned Goodman:
“We’re bringing AI to the sting for all enterprises with options which might 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 sooner 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 firms, now the market leaders within the discipline, have been adopted by Google, Meta, Amazon, and others into the fray, together with numerous startups and hopeful buyers.
Market curiosity in AI has boosted adjoining firms as nicely. NVIDIA, which manufactures market-standard chips for AI processing, posted a document $13B in revenue for Q2 this yr alone.
Others are transferring rapidly as nicely. Solely last month, OpenAI introduced a multimodal replace to its standard AI chatbot, ChatGPT, enabling it to course of photographs, movies, voice, and textual content, whereas additionally accessing present info. Meta unveiled AI-integrated good glasses, Ray-Ban Tales, pushing the boundaries of wearable computing. Amazon fueled competitors by investing as much as $four 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 submit Lenovo directs $1.2B into artificial intelligence research as AI investment markets boom appeared first on CryptoSlate.
More NFT News
Bitcoin Milestone Forward? Analyst Forecasts New Peak This Month
Capgemini Meets Q1 Income Expectations with €5.5B Earnings
‘Bitcoin Jesus’ Arrested in Spain for Evading $48 Million in US Taxes