Author: Anusuya Lahiri | February 09, 2021 01:26pm
Lenovo Group Limited (OTC: LNVGY) (OTC: LNVGF) signs as the Title Partner for Ducati MotoGP, building upon their three-year technology partnership towards the incorporation of data analytics, artificial intelligence (AI), and smart software solutions in motorbike racing.
“The global motorsports market is expected to continue to grow by 10 percent annually through 2025, driven in part by the role of IT in the increasingly data-driven world of motorbike racing,” said Lenovo SVP Luca Rossi.
Lenovo and Ducati are developing R&D plans to implement a virtual desktop infrastructure remote working Ducati engineers. Additionally, they are exploring augmented and virtual reality (AR/VR) technologies for motorbike mechanics.
Price Action: LNVGY shares are up 3.92% at $26.34 on the last check Tuesday.