Japan’s $6 billion bet on domestic foundational AI
The Japanese government will provide roughly 1 trillion yen (US$6.34 billion) over five years to a planned new company developing home-grown artificial intelligence, a source close to the matter said Sunday.
The company will be established by around ten firms, including SoftBank Group Corp. These firms aim to create Japan’s largest base AI model through public-private cooperation, the source added.
The five-year support scheme is scheduled to begin in fiscal 2026, which starts next April, according to the source.