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.

Chinese smartphone manufacturer Honor said it will invest more than $10B over the next five years on developing AI for its devices, as part of its larger strategy to transform into a global AI device ecosystem company.

Honor is looking to expand outside of China and push into the higher-end part of the market where Apple and Samsung play.