Lenovo teams up with Anaconda on AI solutions

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on Feb 15, 2024
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  • Lenovo Group announced a partnership with Anaconda Inc today.
  • Here's what the agreement between the two companies entails.
  • Lenov stock is now down over 20% versus the start of this year.

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Lenovo Group Ltd (HKG: 0992) is in focus this morning after teaming up with Anaconda Inc on accelerating artificial intelligence deployment.

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Details of Lenovo-Anaconda partnership

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The deal will integrate enterprise strengths of Anaconda in “open-source leadership, security, and reliability” into Lenovo’s ThinkStation and ThinkPad.

Both companies are convinced that working together will enable data scientists to develop and deploy artificial intelligence solutions with “first class hardware and enterprise-grade AI software support”.

The news arrives months after Lenovo Group Ltd said its net income was cut in more than half in its second financial quarter as revenue tanked 16% on a year-over-year basis.

The Hong Kong listed stock is down more than 20% versus the start of this year at writing.

Anaconda CPO’s comments on Thursday

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Note that Lenovo is currently in the top league when it comes to powerful and scalable AI workstations.

Anaconda Navigator can be downloaded on the current-gen Lenovo Workstations – and will remain available for its future generation Workstations as well, as per the press release on Thursday. According to Chandler Vaughn – the chief product officer at Anaconda:

By jointly providing resilient hardware and trusted software tools, Lenovo and Anaconda present data scientists, AI developers, and AI engineers an unrivaled platform to explore emerging techniques in AI/ML.

Anaconda is one of the most sought-after operating system for artificial intelligence with over 45 million users at writing.

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