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Dell will spend $1B in new focus on Internet of Things

(Bloomberg) -- Dell Technologies Inc. is doubling down on the Internet of Things.

The company is creating a division that will focus on developing products, research and partnerships for a field that connects everything from driverless cars to light bulbs to the internet. Dell said it’s investing $1 billion over the next three years for the effort, which will employing artificial intelligence and machine learning technology.

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Pedestrians are reflected in a Dell Inc. advertisement in the Tianhe district of Guangzhou, China, on Saturday, Nov. 30, 2013. China's government may set its 2014 growth target at 7 percent, the Economic Information Daily reported on Dec. 3, citing the State Information Center. This compares with a goal of 7.5 percent for this year. Photographer: Brent Lewin/Bloomberg

The company already sells some gear and software designed for the Internet of Things, including devices that come with chips and networking features to manage data that might come from a security camera or industrial sensors.

The new unit will be led by Ray O’Farrell, chief technology officer at data-center software provider VMware, which is part of Dell, the company said Tuesday in a statement.