robotic & artificial intelligence
Lenovo following the traits of competitors investing 500 Mn in Robotics & Artificial Intelligence - Startup World
Lenovo, reigner in producing personal computer, is now putting its hands on investing 500 million dollar in hardware technology startups after its announcement of new fund. Lenovo has a record of making skilful investment with its first investment of 100 million invested in 30 companies which focused on security, games and smart home devices. Naming the few from the list: Israeli facial recognition startup Face which is listed as Chinese firm iDreamsky; biometric whiz Nok Nok Labs from US and SmartX, biometric facial and fingerprint recognizing attendance system from India. Following the Chinese government propaganda of Made in China 2025 initiative, which is putting prime significance to robotics and Artificial Intelligence, Lenovo will be utilizing this fund to support companies which potentiate its businesses and, in particular, those in the big data, cloud computing, artificial intelligence, robots and other Internet services. Lenovo is not the first to endeavour in this field in china.