<p>Shenzhen, China: Chinese smartphone maker Honor will spend $10 billion over the next five years on developing AI for its devices as the former Huawei unit prepares for a public listing, its CEO James Li said on Sunday.</p>.<p>The Shenzhen-based company aims to expand from being primarily a smartphone company and develop a system of AI-powered PCs, tablets and wearables, Li said in a speech at the Mobile World Congress (MWC) trade show in Barcelona.</p>.<p>In December, Honor said it had completed a shareholder restructuring that moved it closer to an initial public offering, though no timeline has been announced.</p>.China's DeepSeek frenzy enters the home as TV, vacuum cleaner makers adopt its AI models.<p>Honor's announcement comes amid a boom in Chinese AI investment spurred by interest in startup DeepSeek's low-price large language models, with interested parties from local governments to home appliance makers rushing to integrate DeepSeek's technology or do more AI research.</p>.<p>Last year Honor slipped from second to fourth place in terms of China phone shipments, with a 14.9% market share, amid renewed competition from its former parent, Huawei, and strong growth from Vivo, according to consultancy IDC.</p>.<p>In August Reuters reported that Honor is receiving a high level of support from the Shenzhen local government in terms of research and development funding, tax breaks and support expanding overseas.</p>
<p>Shenzhen, China: Chinese smartphone maker Honor will spend $10 billion over the next five years on developing AI for its devices as the former Huawei unit prepares for a public listing, its CEO James Li said on Sunday.</p>.<p>The Shenzhen-based company aims to expand from being primarily a smartphone company and develop a system of AI-powered PCs, tablets and wearables, Li said in a speech at the Mobile World Congress (MWC) trade show in Barcelona.</p>.<p>In December, Honor said it had completed a shareholder restructuring that moved it closer to an initial public offering, though no timeline has been announced.</p>.China's DeepSeek frenzy enters the home as TV, vacuum cleaner makers adopt its AI models.<p>Honor's announcement comes amid a boom in Chinese AI investment spurred by interest in startup DeepSeek's low-price large language models, with interested parties from local governments to home appliance makers rushing to integrate DeepSeek's technology or do more AI research.</p>.<p>Last year Honor slipped from second to fourth place in terms of China phone shipments, with a 14.9% market share, amid renewed competition from its former parent, Huawei, and strong growth from Vivo, according to consultancy IDC.</p>.<p>In August Reuters reported that Honor is receiving a high level of support from the Shenzhen local government in terms of research and development funding, tax breaks and support expanding overseas.</p>