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Lenovo will double R&D war chest to $9bn for AI push: CEO Yang

Company to grow services into major pillar, shifting away from PC focus

A Lenovo store in Chengdu, China. The pandemic has revived PC sales. (Photo by Shunsuke Tabeta)

CHONGQING, China -- Lenovo Group, the world's biggest personal computer manufacturer, looks to expand artificial-intelligence-based solutions services, deploying a war chest of roughly $9 billion over the next three years, CEO Yang Yuanqing told Nikkei.

The China-based PC maker will step up the development of AI-based systems that will improve efficiency for manufacturers. Shifting away from a business model heavily reliant on hardware sales, the company plans to make the solutions business a second pillar of growth.

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