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Japan backs SoftBank-led AI models with up to $6.2bn to chase US, China

Japan is providing up to $6.2bn to support AI models led by SoftBank. The move is part of the country's effort to accelerate investment in artificial intelligence so it does not fall behind the US and China. According to Nikkei, the funding aims to support the development of domestic models.

Technology servers inside a data centre
Technology servers inside a data centrePhoto: panumas nikhomkhai / Pexels
Nikkei Asia1 h ago9984

The Japanese government has announced it will provide up to $6.2bn to support the development of AI models led by SoftBank. The investment aims to strengthen the country's capacity in artificial intelligence.

According to Nikkei, the move is part of Japan's strategy to avoid falling behind the United States and China. The government wants to accelerate the development of domestic AI models and infrastructure.

Countries seeking to get ahead in the technology race are steadily increasing public funding for AI. Analysts said state support could give Japanese technology firms a competitive advantage. Details of the investment are expected to become clearer in the coming period.

AITech9984AsiaNikkei Asia
This article is an AI-curated summary of the original story published by Nikkei Asia. The illustration is a stock photo by panumas nikhomkhai from Pexels and is not from the original story.

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