Lenovo announced plans to invest $1 billion over three years in the growth of infrastructure solutions to expedite the adoption of artificial intelligence (AI) for businesses around the world. This announcement comes after Accenture’s announcement of a $3 billion investment in AI.
The company’s industry-leading portfolio of smart devices, infrastructure solutions, and services that are AI-ready will be expanded as a result of this announcement, which represents Lenovo’s largest-ever investment in AI infrastructure. This will help accelerate innovation by enabling the use of generative AI and delivering cognitive decisions at scale throughout remote locations across financial, manufacturing, healthcare, retail, and smart city applications.
The Lenovo AI Innovators programme will be expanded with an additional US $100 million contribution as part of Lenovo’s investment plan. In its end-to-end ecosystem, the programme has already delivered a record 150+ AI-ready products developed with 45 top ISV partners.
After reporting record revenue of over $2 billion, increased digitalization, and increased demand for IT infrastructure upgrades, the company made the announcement. “Lenovo is concentrating on streamlining the challenging implementation of new AI capabilities by delivering AI to the source of data and utilizing its extensive network of best-in-class partners to create cutting-edge turnkey solutions enabling edge intelligence,” the company said.
The company claimed the bigger investment is intended to enable an AI ecosystem across all markets worldwide and create access for organizations of all sizes and all markets, including India. However, the company did not indicate what proportion of this investment will go to India.