Chinese smartphone maker Honor has announced the investment of $ 1 billion or $ 1 billion in artificial intelligence or AI technology in the next five years. The company wants to create an AI -powered PC, tablet and wearable (wearable) device through this investment. Honor CEO James Lee announced the 'Alpha' investment plan at the Mobile World Congress (MWC) trade show in Barcelona last Sunday.
With this investment plan, the smartphone will also produce new AI technology -based products. The company says users will get new and innovative technology benefits than smartphones using advanced AI use on devices.
Honor changed the shareholder structure last December. This decision has brought the company closer to the IPO (initial public offering). However, no deadline has been released yet.
It should be noted that the initial public offering (IPO) is a public offering or calling for the selling shares to institutional and general investors by the company for enrollment in Sharbazar.
In China, investment in AI technology has increased drastically in the last few months. Especially the startup depsic's affordable Large Language Models increase the attraction. From local government to home appliance manufacturers all want to use this technology or are interested in conducting more research.
Last week, Honor said the company had consolidated another model of Chinese AI Startup Dipsic in the search engine of their Yoo Virtual Assistant and smartphone and laptop.
In addition, Honor is working together with China's major technology company Alibaba Group, Tensent Holdings and Byteans to add AI technology to smartphones.
On the other hand, Honor has been partnership with Google, so that Jemini's AI models can include their device.
Last year, China lost the top spot in the phone market and came down to fourth. As a result, their market partnership fell to 5.7 percent. The company is now facing a more difficult competition from rivals Huawei and Vivo.
According to Reuters last August, Honor Shenzhen is receiving high levels of research and development, tax discounts and international expansion from the local government.
