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Know-how big 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 response to 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. Mentioned Goodman:
“We’re bringing AI to the sting for all enterprises with options which are powered by our ThinkEdge AI platforms… by way of 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 growth, 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 traders.
Market curiosity in AI has boosted adjoining firms as effectively. NVIDIA, which manufactures market-standard chips for AI processing, posted a report $13B in income for Q2 this yr alone.
Others are transferring rapidly as effectively. Solely final month, OpenAI introduced a multimodal replace to its standard AI chatbot, ChatGPT, enabling it to course of photos, movies, voice, and textual content, whereas additionally getting access to 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 $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 publish Lenovo directs $1.2B into synthetic intelligence analysis as AI funding markets increase appeared first on CryptoSlate.
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