Lenovo grows AI infrastructure revenue to over $2bln

  • Date: 20-Jun-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Lenovo grows AI infrastructure revenue to over $2bln

Lenovo simplifies deployment for businesses with additional US$1 billion investment in portfolio expansion and one-stop enablement wherever data resides, from the pocket to the cloud Lenovo AI Innovators program delivers 150+ turnkey solutions, helping businesses implement generative AI, immersive metaverse simulations and cognitive decisions at scale Expanded AI-ready portfolio of smart devices and edge-to-cloud infrastructure includes new Lenovo ThinkEdge and ThinkSystem platforms purpose-built for enabling AI workloads United Arab Emirates, Dubai: Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced it has reached record annual AI infrastructure revenue of over US$2 billion and unveiled the next phase of its growth strategy, with an additional US$1 billion investment over three years to accelerate artificial intelligence (AI) deployment for businesses around the world. Fueled by increased global digitalization and demand for IT infrastructure upgrades, Lenovo is simplifying the often-complex implementation of new AI capabilities by delivering AI to the source of data and harnessing its vast network of best-in-class partners to build next-generation turnkey solutions that enable computing intelligence directly at the edge. The investment will further expand the company’s industry-leading AI-ready portfolio of smart devices, infrastructure solutions and services to help accelerate innovation, enabling the use of generative AI and delivering cognitive decisions