TOKYO -- Chinese PC titan Lenovo Group will invest more than $1.2 billion in research and development into artificial intelligence, the internet of things and big data over the next four years, said Chairman and CEO Yang Yuanqing.
The company will also work with Google and Amazon.com in product development to meet its goal of raising the contribution of smartphones and other new businesses to 50% of total sales from the current 30%, he told The Nikkei.