The plan has been unfolded by Huawei as they are ready to join those companies that want to go all-in-all for artificial intelligence in the coming years.
Huawei has revealed its new strategy following a period of almost 10 years since they have developed a strategy to focus on the field of artificial intelligence. The Chinese telecoms and tech giant had already prioritized intellectual property and cloud computing in their strategic planning. Now, Huawei is on a new track after two decades.
The CFO and rotating chairwoman, Meng Wanzhou, announced this decision during an organization event in Shanghai.
Huawei has also given a statement. It said, “As artificial intelligence gains steam, and its impact on industry continues to grow, Huawei’s All Intelligence strategy is designed to help all industries make the most of new strategic opportunities.”
Meng was clear about Huawei’s new focal point. She said, “Huawei is committed to building a solid computing backbone for China — and another option for the world. Our end goal is to help meet the diverse AI computing needs of different industries.” However, plan details are not shared.
Huawei is the second Chinese tech giant that has prioritized artificial intelligence. Alibaba (BABA) was the first firm to announce its decision to prioritize AI earlier in September 2023. Many other global firms have also decided in the same way. Japan’s SoftBank has also shown its intent and planned to move to fast-moving technology. We have seen these drastic changes in business strategies after the availability of platforms like GPT-4.
Here, we also want to introduce Meng Wanzhou, the CFO of Huawei. She is also the rotating chairwoman of the firm, according to CNN. Meng spent about three years in Canada under house arrest before September 2021, when she returned to China. This incident was actually part of an extradition battle between Huawei and the government of the United States of America. Wang also faced charges of alleged evasion of economic sanctions against Iran and bank fraud. Weng is the daughter of Ren Zhengfei, Huawei’s founder. She got the relief after signing an agreement with the US Department of Justice. All charges against her were dismissed later.