HomeChipsetsLenovo to invest $1.2 billion in IoT, big data, AI; Verizon certifies new telematics device

Lenovo to invest $1.2 billion in IoT, big data, AI; Verizon certifies new telematics device

Chinese company set up an AI lab in March

China’s Lenovo Group said it plans to invest $1.2 billion in the research and development of artificial intelligence, big data, and internet of things (IoT) technology in the next four years, according to Chinese press reports.

The Chinese company set up its own artificial intelligence lab in March, headed by AI expert Xu Feiyu. Last November, Lenovo had appointed Dr. Yong Rui, former deputy managing director of Microsoft Research Asia, to become the company’s CTO, overseeing the company’s corporate research and technology organization, including artificial intelligence and big data analytics technologies.

Chinese internet giants Baidu, Alibaba, and Tencent have also heavily investing in AI research and development.

Baidu founded the Institute of Deep Learning in 2013 to focus on image recognition, machine learning, robotics, human-computer interaction, 3D vision and heterogeneous computing.

In February, Baidu obtained approval from the Chinese government to establish a national AI lab conducting research on deep learning, computer vision, machine hearing, biometric identification, among other technologies.

Verizon Wireless certifies new telematics device powered by Altair’s chipset

In other IoT news, Altair Semiconductor announced that Verizon Wireless has certified a new vehicle telematics device manufactured by machine-to-machine (M2M) solution provider Queclink, and powered by Altair’s LTE CAT-1 chipset.

Queclink’s tracking products are designed for automotive tracking, fleet management, tracking & tracing, lone worker safety, mobile health care, remote monitoring and control of assets, and wireless alarms to cover most popular applications via the internet.

The new mini vehicle tracking device can remotely immobilize a car if the owner defaults on their lease payments.

“Altair’s technology and market experience make it the ideal partner in our mission to provide reliable telematics solutions that meet our customers’ specific requirements,” said Edwin Peng, VP of Queclink Wireless Solutions. “The ALT1160 CAT-1 chipset addresses our need for an extremely low power and efficient solution.”

Altair’s CAT-1 chipset is designed specifically for IoT and M2M applications, including vehicle telematics,

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