Fujitsu to Test Use of Generative AI for Banks
The Japanese technology giant Fujitsu will conduct testing, during which the possibilities of using generative artificial intelligence technology in the banking sector will be explored.
Japan
Travelex Launches Multi-Currency Travel Money Card in Japan
A foreign exchange company Travelex has introduced its prepaid foreign multi-currency card, accepted in more than 210 counties and regions worldwide, to the Asian market of Japan
Japanese Startup Rapidus to Challenge Taiwan Semiconductor Manufacturing
Japanese startup Rapidus, which receives support from the government of this country, announced the hiring of more than 200 people as part of efforts to create an ultra-modern chip manufacturing plant by 2027.
SoftBank Reportedly Negotiates to Buy Vision Fund’s Stake in Arm
The media reports that the Japanese corporation SoftBank Group is currently negotiating to purchase 25% of Arm shares, which are not its property, from Vision Fund 1 (VF1), an investment fund worth $100 billion.
Sony Expects Smartphone Market Recovery to 2024
Sony Group, the largest supplier of camera sensors for smartphones, has changed its forecasts regarding the expected timing of the recovery of consumer demand in the market of mobile phones.
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
SoftBank Vision Fund Makes First Profit
Vision Fund, which is part of the ownership structure of the Japanese corporation SoftBank Group, announced its first profit.
SoftBank Sues IRL
Japanese SoftBank Corporation sues social app IRL, for the development of which it has allocated investment funds in the amount of $1.1 billion.
Toshiba Says Its Takeover Offer to Start in August
Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.
Mizuho to Create Fund to Support Japanese Tech Startups
Mizuho Financial Group announced plans to create a debt fund that will focus on supporting Japanese startups operating in the technology sector.
Softbank Invests in AI Company Tractable
Tractable, which has created computer vision and related artificial intelligence designed to remotely assess damage to property and vehicles, has raised investment funds in the amount of $65 million following the results of the Series E funding round.
CADDi Raises $89 Million to Expand Procurement Platform and Cloud Service
CADDi has announced that it has managed to raise investment funds for $89 million following the results of the Series C financing round.
SoftBank Backs Robot Startup
SoftBank Group Corporation has become a participant in the financing round of a company that manufactures robots.
Sega COO Quashes Talk of Microsoft Deal in Favor of Independence
Sega Corporation has not confirmed the information about the negotiations regarding the entry into the ownership structure of Microsoft.
Mizuho Rolls Out Generative AI to Bank Staff in Japan
Mizuho Financial Group announced the provision of access to Microsoft’s Azure OpenAI service to all employees of its banks in Japan.
Facial Recognition to Work at 20K ATMs in Japan
After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024
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