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Some of Japan’s biggest names, including SoftBank Corp (OTC:SFTBY), NEC Corp (OTC:NECPY), Honda Motor Co (OTC:HNDAF) and Sony Group Corp. (OTC:SNEJF) have established a new company focused on large-scale artificial intelligence for domestic businesses, according to a report seen on Sunday.
Why It Matters
The initiative was taken to narrow the gap with U.S. and Chinese AI leaders, with expected backing from the Japanese government, according to a report by Japan Today. The group will initially roll out the model to domestic firms, with plans to expand into factory robotics and other applications.
The venture is expected …
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