Honor has ramped up its AI ambitions with a $10 billion investment over the next five years, alongside a deeper partnership with Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, as it looks to compete with Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co. (OTC:SSNLF) in the global smartphone market.
What Happened: On Sunday, the Chinese smartphone maker, which spun off from Huawei Technologies in 2020, announced the investment at the Mobile World Congress in Barcelona, according to a report by CNBC.
The funding aims to transform Honor from a smartphone manufacturer into an “AI device ecosystem company.”
“This is not limited to our own devices, but also AI devices from different partners, so the different kinds of AI devices can talk to …
