Business News Report Technology
June 15, 2023

Lenovo Invests $1B to Drive AI Integration for Enterprises, Commits $100M to AI Innovators Program

In Brief

Lenovo will be investing $1 billion over the next three years to drive AI deployment for businesses around the world.

The company has also committed $100 million to grow its AI Innovators Program.

The program has already delivered 150+ turnkey solutions, helping businesses implement generative AI and immersive metaverse simulations.

Unveiling the next phase of its growth strategy, Lenovo has announced that it will be investing $1 billion over the next three years to drive AI deployment for businesses around the world. This comes as the company records $2 billion in AI infrastructure revenue.

Lenovo Invests $1B to Drive AI Integration for Enterprises, Commits $100M to AI Innovators Program

The investment aims to further expand the company’s AI-ready portfolio of smart devices, infrastructure solutions and services to enable the use of generative AI and help its customers make cognitive decisions at scale throughout remote locations across financial, manufacturing, healthcare, retail and smart city applications.

As part of the investment, Lenovo is committing US$100 million to grow the Lenovo AI Innovators program. The program has already delivered over 150 turnkey solutions created with 45 leading ISV partners in its first year to help businesses implement generative AI and immersive metaverse simulations. Some of the solutions built with the AI Innovators Program Sunlight.io, WaitTime, and Smartia.

Leveraging the AI Innovators’ end-to-end ecosystem, the new solutions aim to help customers swiftly deploy and take advantage of cutting-edge AI capabilities such as generative AI, computer vision, voice AI, and virtual assistants.

“Building on our more than 150 AI solutions, this pivotal investment further expands the development of AI-ready infrastructure solutions that will help customers overcome deployment complexities and more easily implement AI to deliver transformative services and products to the market,” Kirk Skaugen, President of Lenovo Infrastructure Solutions Group, said in a statement.

The Lenovo AI Innovators program includes an ecosystem of industry-leading partners including Nvidia, Intel and DeepBrain AI, to help customers extract value from their data. For instance, Lenovo incorporates NVIDIA’s high-speed computing platform, delivering the quickest time to solutions in various industry sectors, all while minimizing total cost of ownership.

In collaboration with DeepBrain AI, Lenovo is introducing an end-to-end solution for generative AI virtual assistants. These assistants can be paired with powerful large language models (LLMs) to provide round-the-clock automated concierge services in retail and hospitality environments.

Lenovo has recently launched its AI Discover Center of Excellence, which provides its enterprise clients access to Lenovo data scientists, AI architects and engineers to help explore, deploy and scale AI solutions ethically.

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About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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