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Lenovo Investing $1.2 Billion In AI

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OTC:LNVGY   Lenovo Group Ltd.
Lenovo is investing $1.2 billion in artificial intelligence to help bring AI to the edge for customers as well as drive partner sales.

“The AI server and storage market is expected to reach $29 billion next year. Lenovo is investing $1.2 billion in R&D to help tap into those opportunities and bring those AI initiatives to fruition,” said Stacey Goodman (pictured), senior director of U.S. VAR Partner Sales for Lenovo, at the 2023 XChange Best of Breed conference today in Atlanta.

Goodman said as Lenovo’s channel organization evolves, the $62 billion technology giant recognizes that it needs to evolve its products and solutions to allow Lenovo partners to tap into and capture new markets and opportunities.

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