Alibaba and Lenovo team up to develop AI products, including AI PCs, to compete in the growing field of generative AI. IDC predicts they will dominate 85% of new PC sales in China. Microsoft, Apple, and other tech companies are also incorporating AI into their devices.
Alibaba Group Holding Limited (NYSE:BABA) and Lenovo Group are joining forces to develop a suite of artificial intelligence (AI) products, marking a significant move as Chinese tech giants vie for dominance in the burgeoning field of generative AI. These offerings will feature AI PCs—computers embedded with chips capable of performing generative AI operations locally—alongside other AI-driven devices and business intelligence solutions. This collaboration was unveiled at Lenovo’s Tech World even
Apple is reportedly planning to release new, more affordable AirPods and an updated AirPods Max in 2024. This shows their commitment to dominate the personal audio market and attract a broader customer base.
U.S. leads in generative AI market with Nvidia's 92% market share in data center GPUs. U.S. tech giants invest in Nvidia, boosting market value to $1.73 trillion by 2024.
Intel aims to integrate AI into 100 million PCs by 2025, targeting 20% of global market. Seeking $10B in govt funding. Partnerships with Microsoft, video conferencing providers. Facing competition from Apple and Qualcomm. Stock down 0.6% on Tuesday.