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Lenovo tries to future-proof itself with $1.2bn for AI, other tech

Chinese PC maker has a four-year plan to change with the times

Lenovo aims to raise the contribution of smartphones and other new businesses to 50% of total sales, from 30%.

TOKYO Chinese PC titan Lenovo Group will invest more than $1.2 billion into artificial intelligence, the internet of things and big data over the next four years, according to Chairman and CEO Yang Yuanqing.

The company will also work with Google and Amazon.com in product development, aiming to meet its goal of raising the contribution of smartphones and other new businesses to 50% of total sales, from the current 30%, Yang told The Nikkei.

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