Japan invests $470m in AI development through subsidies for 5 tech companies, led by KDDI and Sakura Internet, to boost cloud services and reduce US tech reliance.

Japan will invest $470m into AI development through subsidies for five tech companies, including KDDI and Sakura Internet. The funds aim to enhance computing power for cloud services and AI technologies, reducing reliance on US tech providers. The Japanese Ministry of Economy, Trade and Industry plans to fund up to half of the investments, with Sakura set to receive the largest share.

April 19, 2024
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