Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Adrian Cheng exits Chow Tai Fook director role, his last tie to Hong Kong family empire

September 4, 2025

Buying spree continues at PSX, KSE-100 surges over 500 points – Markets

September 4, 2025

Nasdaq to tighten listing rules, particularly for companies from China

September 4, 2025
Facebook X (Twitter) Instagram
Thursday, September 4
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Honor Device Pledges $10 Billion for AI in Bid to Be More Than a Phone Maker
USA

Honor Device Pledges $10 Billion for AI in Bid to Be More Than a Phone Maker

adminBy adminJuly 1, 2007No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 75


(Bloomberg) — Honor Device Co., one of China’s biggest smartphone makers, plans to invest $10 billion over the next five years to become a contender in the artificial intelligence race.

Most Read from Bloomberg

The Shenzhen-based company, which got its start as a spinoff from Huawei Technologies Co., announced a new corporate strategy that centers on building a device-centric AI ecosystem at Mobile World Congress. The funds for its investment push will come from the company and its investors, an Honor representative said, without providing further details. Honor’s biggest backers are local government entities and it also has display maker BOE Technology Group Co. and two of China’s mobile carriers among its investors.

Newly appointed Chief Executive Officer James Li, flanked by representatives from partners Qualcomm Inc. and Alphabet Inc.’s Google, set out the company’s plan at the mobile industry’s biggest gathering in Barcelona on Sunday. Honor didn’t specify what it will spend the money on, apart from saying it’ll collaborate with global supply chain and carrier partners, like Orange and Telefonica, to co-create “a new paradigm for AI devices in the agentic AI era.”

Honor joins a rush toward AI across industries, which has been especially pronounced in China following the breakthrough debut of DeepSeek’s reasoning chatbot. The country’s major internet companies, from Alibaba Group Holding Ltd. to Tencent Holdings Ltd., have accelerated updates to their AI models and started measuring themselves against the startup’s software. Honor aims to play a role in the contest for users by taking the device as its starting point.

The company’s approach is also distinctive for its close collaboration with US partners. Honor works with Google Cloud on the development of its AI agent and is integrating Google’s Gemini deeply into its phone software. At MWC, the company also introduced a Windows-powered AI PC in the MagicBook Pro 14, adding to its collaboration with Microsoft Corp.

Questions persist about the monetization potential of new AI technologies and chatbots, with several companies betting on the technology to primarily drive upgrades of hardware. Samsung Electronics Co. made a big push in that direction last year, alongside Apple Inc. with the launch of Apple Intelligence on the iPhone 16. Honor’s effort will have to measure up against those ventures as well as rising domestic competition in China.

Story Continues

Most Read from Bloomberg Businessweek

©2025 Bloomberg L.P.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

USA

Why Intel investors have embraced an interventionist White House

August 28, 2025
USA

Trump’s attack on the Fed threatens US credibility

August 27, 2025
USA

The next stage of the Fed takeover

August 27, 2025
USA

Surging US electricity prices put Trump pledge in jeopardy

August 27, 2025
USA

EU moves to shield aluminium from Trump tariff blow

August 27, 2025
USA

Donald Trump’s battle against the Fed heads for courtroom showdown

August 26, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Buying spree continues at PSX, KSE-100 surges over 500 points – Markets

September 4, 2025

600 economists back Fed Governor – Business & Finance

September 3, 2025

FIA arrests FBR officials in smuggled vehicle legalisation case – Business & Finance

September 3, 2025

Senate panel proposes placing Virtual Assets Authority under Finance Division – Business & Finance

September 3, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Adrian Cheng exits Chow Tai Fook director role, his last tie to Hong Kong family empire
  • Buying spree continues at PSX, KSE-100 surges over 500 points – Markets
  • Nasdaq to tighten listing rules, particularly for companies from China
  • Shein hit with US$175 million fine by French watchdog over cookie misuse
  • Trump’s oldest sons’ American Bitcoin stake worth US$1.5 billion in stock debut

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Adrian Cheng exits Chow Tai Fook director role, his last tie to Hong Kong family empire

September 4, 2025

Buying spree continues at PSX, KSE-100 surges over 500 points – Markets

September 4, 2025

Nasdaq to tighten listing rules, particularly for companies from China

September 4, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.