Another tech giant focuses on AI — strategy announced

Huawei releases its AI Strategy and Portfolio

Another tech giant focuses on AI — strategy announced. Source:

At the third annual HUAWEI CONNECT global event, Huawei Rotating Chairman Eric Xu announced company’s AI strategy, as well as its AI portfolio.

Huawei’s AI portfolio includes its new Ascend series of AI chips – the world’s first AI IP and chip series designed for a full range of scenarios. The portfolio also includes new products and cloud services that are built on Ascend chip capabilities.

Huawei predicts that by 2025, the world will see upwards of 40 billion personal smart devices, and 90% of device users will have a smart digital assistant. Data utilization will reach 86% and AI services will be readily available, as prevalent as the air we breathe. According to Huawei, AI has become a new general purpose technology and will change all industries and organizations on earth.

“Huawei’s AI strategy is to invest in basic research and talent development, build a full-stack, all-scenario AI portfolio, and foster an open global ecosystem,” said Eric Xu during his keynote.

As the company stated in its blog post, Huawei’s AI strategy has five areas of focus:

  1. Invest in AI research.
  2. Build a full-stack AI portfolio.
  3. Develop an open ecosystem and talent.
  4. Strengthen the existing portfolio.
  5. Drive operational efficiency at Huawei.

SEE ALSO: Google still surprises: Pixel 3’s amazing camera, tablet, and home speaker

Pay Space

6724 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.