Japan announces US$6 billion support for home-grown AI development

The Japanese government will provide roughly 1 trillion yen (US$6.34 billion) in support over five years to help a planned new company develop home-grown artificial intelligence, a source close to the matter said on Sunday. The company will be established by around 10 firms including SoftBank Group Corp, aiming to develop the country’s largest base AI model through public-private cooperation, the source said. The five-year support scheme is set to begin in fiscal 2026, which starts next April,...