Japan's Initiative of Developing National AI System with $ 19 Billion Funds under private sector indicates growing importance of IT in Economy, Security & Commerce.

According to PANews, the Japanese government is set to collaborate with the private sector on a significant initiative to develop a national artificial intelligence system valued at approximately 3 trillion yen (around $19 billion). The project is expected to commence in the spring of next year, with SoftBank Group and over ten other Japanese companies forming a new company to create Japan's largest foundational AI model. Spearheaded by SoftBank Group, the new company will bring together around 100 experts selected through corporate competitions, including engineers from SoftBank and developers from Preferred Networks. The Japanese government has highlighted the direct impact of artificial intelligence on industrial competitiveness and national security, noting that excessive reliance on foreign technology poses strategic risks, which is one of the reasons for launching this initiative.