Lenovo to Invest US$1 Billion in AI
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Lenovo to Invest US$1 Billion in AI

Photo by:   Image by Kohji Asakawa from Pixabay
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Tomás Lujambio By Tomás Lujambio | Journalist & Industry Analyst - Mon, 07/31/2023 - 13:24

Since the urgent digitization of businesses triggered by the COVID-19 pandemic, AI-powered tools have been revolutionizing and reshaping the way organizations handle their operations. Industries such as manufacturing, finance and healthcare have reaped substantial benefits from AI technologies, resulting in improved productivity and efficiency in their workforces. To bolster efficient AI adoption, Lenovo has unveiled an ambitious three-year US$1 billion investment plan, aimed at accelerating the implementation of AI-powered tools across these industries.

"Lenovo sees AI in 360 degrees, from the Edge to the data center and the cloud. We are ready to embrace any AI project, from foundational concepts like ChatGPT to more advanced and large-scale applications," says Arturo Díaz Arceo, Manager, Lenovo México. The announcement follows Lenovo’s record-breaking annual revenue of over US$2 billion in AI infrastructure, achieved a month ago.

A recent study led by the IDC predicts that the global data sphere will surpass 175 zettabytes by 2025, highlighting the increasing importance of AI technologies capable of optimizing and cleansing data on a global scale. This development ensures that AI adoption will continue to be a strategic imperative, offering businesses an array of benefits and driving profitability. As part of its commitment, Lenovo is dedicating an estimated US$100 million of its AI investment to expand the Lenovo AI Innovators program, which has already provided over 150 AI solutions to 40 specialized companies worldwide.

Integrating AI solutions into business operations can optimize processes and costs, reduce human effort and enhance supply chain management in the manufacturing sector, says Lenovo. AI-powered tools also enhance credit decisions and risk management in the financial industry, as well as improve diagnostic efficiency in the healthcare sector, adds the company.Cyb

Lenovo is actively addressing concerns about the environmental impact of emerging technologies, like High-Performance Computing (HPC) facilities. Through their Lenovo Neptune liquid cooling system, the company aims to offer energy savings by operating HPC facilities at colder temperatures, potentially reducing energy consumption of data centers by 30-40%.

Lenovo recognized Mexico's remarkable potential to become a regional leader in AI. The country's recent appeal as a nearshoring destination, coupled with its growing pool of IT talent and an influx of foreign companies establishing operations, sets it apart. Industry experts and cybersecurity analysts are optimistic that Mexico is on track to emerge as an AI technology hub in the near future. Mexico's appeal as a future AI technology hub aligns with Lenovo's strategic vision, enabling the country to capitalize on its technological potential.  

Photo by:   Image by Kohji Asakawa from Pixabay

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