Leading Chinese PC manufacturer Lenovo intends to intensify developments in the field of artificial intelligence (AI) in order to strengthen its business and create new growth engines for the company, according to the China Daily.

Observers point out that Lenovo's actions are aimed at revitalizing such areas of the company as the production of computers, smartphones and other electronics where the Chinese vendor is experiencing growing competitive pressure from HP Inc, Asustek Computer, Acer and others..

"Developments in the field of artificial intelligence are very important for two reasons. Firstly, AI technologies allow supplementing existing equipment with services, and secondly - with their help, you can create new, revolutionary devices, "said Lenovo's technology director, Yun Rui,.

According to the top manager, Lenovo has always wanted to not just sell electronics, but to supply equipment bundled with cloud services. Technologies in the field of artificial intelligence will help the company to realize the conceived.

Earlier, the Chinese company announced its intention in the next four years to allocate 1.2 billion US dollars for research and development in promising areas such as AI technologies, Internet Things (IoT) and Big Data (Big Data).

Meanwhile, Lenovo has recently experienced difficulties in the global PC market. Data from the analytical company IDC indicate that in early 2017, Lenovo lost to HP leadership in the computer industry, which it has kept since 2013. In January-March this year, the contribution of the Chinese vendor to the global PC shipments amounted to 20.4%, while the share of HP reached 21.8%.

In an effort to return Lenovo to growth, the company's management recently announced a partnership with the leading university of China Tsinghua University and Ing Dan Group, a Chinese online platform specializing in the sale of electronic components. The aim of the project is to encourage young employees and students of the University to new business projects.

The announcement was made at the opening ceremony of the innovative incubator Lenovo Dream Club, which helps young people implement innovative ideas and create innovative products, such as AI-systems for speech recognition, capable of translating from Chinese into English and other foreign languages.