China’s well-known technology company Meizu has decided to abandon the creation of new smartphones and refocus on developments in the field of artificial intelligence (AI). In this respect reports Published by GizmoChina. The company’s new strategy is called “All About Artificial Intelligence.”
Meizu CEO Shen Ziyu said that the company has transformed from a mobile phone manufacturer to an ecosystem developer. Meizu, for example, has successfully mastered immersive technologies and managed to take one of the leading positions in the AR glasses market with its MYVU brand.
Tzuyu also noted that the smartphone market is now in an extremely difficult situation. He particularly pointed out that the smartphone usage cycle has increased significantly in recent years, currently reaching an average of 51 months. He likened the competition between the top players in the market to an arms race.
Deciding to leave the smartphone business, Meizu aims to fully specialize in the field of artificial intelligence. As part of the transformation, the company will introduce a new operating system this year, as well as products that run on it.
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