Chinese smartphone maker Honor is set to invest $10 billion over five years to develop AI technologies for its devices, expanding beyond smartphones into AI-powered PCs, tablets, and wearables. This move coincides with a shift towards public listing and is supported by local government funding.
Honor, a Chinese smartphone manufacturer, has unveiled plans to invest $10 billion in artificial intelligence (AI) devices over the next five years. CEO James Li announced this strategic initiative during a speech at the Mobile World Congress (MWC) held in Barcelona. The Shenzhen-based company intends to evolve beyond smartphones and create a variety of AI-powered products, including PCs, tablets, and wearable devices.
Honor’s significant $10 billion AI investment signals its intent to diversify its product offerings and regain market presence amidst intense competition. With ongoing support from local government, the company is well-positioned to advance its research and development efforts as it prepares for an IPO. This strategic push comes at a time when AI technology is rapidly gaining traction across various industries in China.
Original Source: www.tradingview.com
