Japan Backs SoftBank and AI Models With Up to $6.2 Billion to Chase US and China
Japan is reportedly providing up to 1 trillion yen ($6.2 billion) to support SoftBank and other domestic firms in developing artificial intelligence models. The funding is part of an effort to strengthen the country's AI ecosystem and catch up with industry leaders in the US and China, according to Nikkei Asia and CoinTelegraph reports.
SoftBank Group Corp., a major Japanese technology conglomerate, is expected to lead the initiative. The move highlights Tokyo's intensifying industrial policy focus on AI, shifting emphasis from hardware and semiconductor manufacturing toward building competitive domestic large language models and foundational AI software.
From the sources (2 posts)
@cointelegraph🇯🇵 INSIGHT: Japan is reportedly backing SoftBank and other firms with up to 1T yen to strengthen its domestic AI model ecosystem.
@nikkeiasiaJapan backs SoftBank-led AI models with up to $6.2bn in chasing US, China