Artificial Intelligence

MUFG taps Israeli AI to hunt for Asian unicorns

Japan's MUFG Bank will use artificial intelligence to screen Asian startups for financing, looking beyond balance sheets to forge relationships with promising businesses who otherwise may not yet qualify for bank loans.

Japan AI unicorn Preferred Networks seeks greener pastures

Preferred Networks, a Japanese artificial intelligence startup, is looking for new lines of business. Although the company enjoys backing from a number of big names in Japan, its latest move is motivated by its founder's growing unease over how long it is taking to develop practical uses for its technology.

Panasonic's digital transformation begins on the factory floor

Japanese electronics maker Panasonic is trying to transform its business into one that derives a big chunk of revenue from subscription and other recurring revenue streams.

As part of this digital makeover drive, the company is investing $800 million in Blue Yonder, a major U.S. provider of supply-chain management software.

Japanese college dropout builds $560 million fortune through AI firm
Taku Toguchi knew he wanted a career in artificial intelligence as far back as when he was a teenager. Now 36, the college dropout and serial entrepreneur has joined the ranks of Japanese founders building fortunes in AI, thanks to a stock-market rally that turned his company into one of the nation’s most richly valued.