ETTelecom: Lenovo to invest over $1.2 bln in R&D into AI, IoT, to launch Amazon Alexa-based smartphone

NEW DELHI: Lenovo Group will invest over $1.2 billion in research and development into artificial intelligence, Internet of Things and big data over next four years, Nikkei reported, citing Chairman and CEO Yang Yuanqing.

The report said that Lenovo will work with Google, Amazon.com in product development to raise contribution of smartphones, other new businesses to 50% of total sales, up from current 30%.

Lenovo, which is already selling a smartphone that uses Google's Tango augmented reality computing platform, will soon launch a smartphone with Amazon.com's AI app, Alexa.