""They're sweating. They know the AI revolution is happening. They're behind the U.S. and the Europeans when it comes to adoption.""
""Companies are getting slowed down by their current R&D, and they're looking for ways they can innovate faster to keep up with the rest of the world.""
""One way to do that is to partner with good startups, but they don't know how to get hold of them.""
""Japan's AI infrastructure spending is expected to surpass $5.5 billion this year, according to a forecast from the International Data Corporation.""
Japanese corporations are increasing their investments in AI to avoid missing out on technological advancements. Pegasus Tech Ventures announced a significant increase in its corporate venture fund for Japanet to $200 million, while Aisin doubled its fund to $100 million. Legacy companies are recognizing their lag in digital transformation and are seeking partnerships with startups to innovate faster. Japan's AI infrastructure spending is projected to exceed $5.5 billion this year, with additional investments from major players like Microsoft.
Read at Fortune
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