City
Epaper

Lenovo to invest $1 bn to accelerate AI deployment for businesses

By IANS | Published: June 14, 2023 3:54 PM

New Delhi, June 14 Global technology brand Lenovo on Wednesday announced that it will invest $1 billion over ...

Open in App

New Delhi, June 14 Global technology brand Lenovo on Wednesday announced that it will invest $1 billion over three years in the expansion of infrastructure solutions to accelerate the artificial intelligence (AI) deployment for businesses globally.

Lenovo's investment strategy includes an additional $100 million commitment to the expansion of the Lenovo AI Innovators programme.

According to the company, the programme has already delivered a record 150+ cutting-edge AI-ready solutions created with 45 leading ISV partners across its end-to-end ecosystem.

"With our largest-ever investment in AI-ready infrastructure solutions, we are empowering our customers to overcome deployment complexities and unlock the full potential of AI, even at the edge. This significant investment not only demonstrates our dedication to being the most trusted partner in our customers' intelligent transformation journey but also fuels innovation in AI technology," Sumir Bhatia, President, AP, Lenovo ISG, said in a statement.

The Lenovo AI Innovators programme includes an ecosystem of best-in-class software partners collaborating with the company to provide customers with tailored, proven, and ready-to-deploy AI solutions for their end-to-end operations, including computer vision, audio recognition, prediction, security, and virtual assistants for every industry.

"In India, the immense potential for AI deployments is evident, fueled by growing digitalisation. Our investments in AI aim to simplify complexities and enable businesses to leverage the power of AI at scale," Amit Luthra, MD India, Lenovo ISG, said in a statement.

With more enterprise data being processed outside of the data centre, the company said it is committed to supporting AI workloads everywhere, ensuring purpose-built performance for remote settings.

"This announcement reinforces our commitment to strengthening Lenovo's AI portfolio, empowering industries like retail, finance, and manufacturing. Lenovo is well positioned to help businesses unlock valuable insights through AI at the Edge in India," Luthra added.

Further, the company mentioned that Lenovo extends its comprehensive portfolio of AI-ready infrastructure to over 70 products, with new AI-optimised edge-to-cloud server platforms that help address any AI workload.

Lenovo has also reached a record annual AI infrastructure revenue of over $2 billion.


shs/ksk/

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: LenovoSumir bhatiaAmit luthraindiaDisney IndiaNew DelhiAll India Majlis E Ittehadul MuslimeenCommunist Party Of India MarxistApIndia TodayAir Asia IndiaAsia IndiaFifa U 17 World Cup India
Open in App

Related Stories

PoliticsDictatorship Allegedly Going On in Country Is Unacceptable, Says Delhi CM Arvind Kejriwal

Mumbai'Raj Thackeray's Shop to Shut Down Post Elections', Sanjay Raut Targets MNS Chief Ahead of Today's Grand Rallies

NationalLok Sabha Election 2024: I.N.D.I.A Bloc Wants To Make 5 PMs in 5 Years; It Will Disintegrate After June 4, Says PM Modi

NationalFire Breaks Out in Delhi House, Four Vehicles Gutted in Blaze

HealthGlobal Heatwave-Linked Deaths Surpass 1.53 Lakh Annually, India Tops Fatalities: Study

Technology Realted Stories

TechnologyAfter seven years, WHO updates antibiotic-resistant bacteria list

TechnologyDelhivery posts Rs 69 crore net loss in Jan-March quarter, CBO Sandeep Barasia quits

Technology1 in 4 Indians faced cyber threat in Jan-March period: Report

TechnologyEU tells Microsoft to provide information on GenAI risks in Bing search else face fine

TechnologyWipro appoints Sanjeev Jain as COO as Amit Choudhary moves on