Know-how 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 companion gross sales.
In line with CRN, Stacey Goodman, senior director of U.S. VAR Associate 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 are powered by our ThinkEdge AI platforms… by 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 patrons 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 area, 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 properly. NVIDIA, which manufactures market-standard chips for AI processing, posted a file $13B in income for Q2 this yr alone.
Others are transferring rapidly as properly. Solely final month, OpenAI introduced a multimodal replace to its widespread AI chatbot, ChatGPT, enabling it to course of pictures, movies, voice, and textual content, whereas additionally getting access to present info. Meta unveiled AI-integrated sensible 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.
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