Japan to Invest Approximately $2.383 Billion to Support SoftBank-led Development of Domestic AI Model
BlockBeats News, July 1st. According to Kyodo News, on June 30th, the Japan Ministry of Economy, Trade and Industry revealed that it will provide support of 387.3 billion yen (approximately $2.383 billion) for the establishment of a new company led by SoftBank, dedicated to the development of domestically produced artificial intelligence (AI) basic models, as a development commission fee for the 2026 fiscal year.
The Japanese Ministry of Economy will support research and development in the field of physical AI that combines robotics and AI technology, aiming to enhance the competitive strength of Japan's manufacturing industry. The new company, named "Noetra" (formerly Japan AI Basic Model Development), is established with SoftBank, NEC, Honda, and Sony Group as the core.
In addition to a high level of Japanese language understanding and reasoning ability, the company will also focus on developing basic models capable of recognizing images, videos, audio, and physical space. The company has been selected for support under the Japan New Energy and Industrial Technology Development Organization (NEDO) under the jurisdiction of the Ministry of Economy.
---------------------------------
Click on the original article link below to join the BlockBeats · Lark AI News Channel and receive real-time monitoring of global AI trends and news 24/7.
