Lenovo’s Infrastructure Solutions Group (ISG) recently announced that its global AI infrastructure business has surpassed $2 billion in annual revenue. The company has further plans to invest an additional $1 billion over the next three years to accelerate the deployment of AI among enterprises worldwide. As part of this investment, Lenovo has allocated $100 million globally to develop the Lenovo AI Innovator Program.
In its first year, the program has already collaborated with 45 independent software vendors (ISVs) to develop over 150 advanced AI solutions. Lenovo’s Chairman and CEO, Yang Yuanqing, stated that the adjustment aimed to fully utilize IT to empower the transformation and upgrading of the economy.
Lenovo has implemented a new organizational structure, effective April 1, 2021, dividing its business into three distinct categories, namely Intelligent Devices Group (IDG), Infrastructure Solutions Group (ISG), and Solutions & Services Group (SSG). The IDG will focus on smart IoT devices, the ISG will concentrate on intelligent infrastructure, while the SSG division is dedicated to industry intelligence and services.
Lenovo has made significant strides in the global AI market, and the recent announcement of its $2 billion annual revenue comes as a significant milestone for the company. The additional investment of $1 billion over the next three years is a clear indication of Lenovo’s dedication to accelerating the deployment of AI in the enterprise sector worldwide.
The Lenovo AI Innovator Program, which has already collaborated with 45 leading ISVs, will help create a more advanced AI solution set for enterprises globally. The new organizational structure implemented by Lenovo aims to ensure the company can fully utilize IT to empower business transformation and upgrading of the economy.
Overall, Lenovo’s dedication and commitment to advancing the use of AI in the enterprise sector has the potential to boost business operations and growth worldwide.
Frequently Asked Questions (FAQs) Related to the Above News
What is Lenovo's Infrastructure Solutions Group (ISG)?
Lenovo's Infrastructure Solutions Group (ISG) is a division of Lenovo focused on intelligent infrastructure.
How much revenue has Lenovo's global AI infrastructure business generated annually?
Lenovo's global AI infrastructure business has surpassed $2 billion in annual revenue.
What is Lenovo's plan for further investment in the deployment of AI?
Lenovo plans to invest an additional $1 billion over the next three years to accelerate the deployment of AI among enterprises worldwide.
What is the Lenovo AI Innovator Program?
The Lenovo AI Innovator Program is a global initiative that aims to collaborate with independent software vendors (ISVs) to develop advanced AI solutions.
How many ISVs has the Lenovo AI Innovator Program collaborated with?
The Lenovo AI Innovator Program has already collaborated with 45 independent software vendors (ISVs).
What is the new organizational structure implemented by Lenovo?
Lenovo has implemented a new organizational structure, dividing its business into three distinct categories: Intelligent Devices Group (IDG), Infrastructure Solutions Group (ISG), and Solutions & Services Group (SSG).
What is the focus of the Intelligent Devices Group (IDG)?
The Intelligent Devices Group (IDG) will focus on smart IoT devices.
What is the focus of the Solutions & Services Group (SSG)?
The Solutions & Services Group (SSG) division is dedicated to industry intelligence and services.
What is Lenovo's commitment to advancing the use of AI in the enterprise sector?
Lenovo is dedicated and committed to advancing the use of AI in the enterprise sector to boost business operations and growth worldwide.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
