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Dell Will Spend $1 Billion in New Focus on Internet of Things

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Photographer: Brent Lewin/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.