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Japan rushing to develop AI tools to aid surgeons
A medical student asks questions to surgical support software tool that uses artificial intelligence. Moves are underway in Japan to develop artificial intelligence tools designed to help reduce burdens on surgeons. While the number of cancer patients in the country is projected to peak in around 2040 amid an aging population, too few people want to become surgeons due to the job's challenging work environment. The government is responding to the crisis by supporting companies working to develop AI technology to help surgeons. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.
SoftBank's attempt to get 6 billion OpenAI margin loan stalls
SoftBank's attempt to get $6 billion OpenAI margin loan stalls SoftBank Group's efforts to secure at least $6 billion through a margin loan backed by its OpenAI stake have stalled after the company lowered its fundraising target. SoftBank Group's talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, people familiar with the matter said, just weeks after the Japanese conglomerate cut its initial target from $10 billion. The company is considering various fundraising options, according to the people, who asked not to be identified discussing private matters. It could still move forward with the margin loan at a later stage, they added. It's unclear why the margin loan discussions stalled. Borrowers and creditors can pause and revisit fundraising discussions for various reasons, and SoftBank hasn't elaborated on its plans, the people said.
Sumitomo Mitsui Trust mulls up to 380 billion in digital investment
Manatomo Yoneyama, president of Sumitomo Mitsui Trust Bank, speaks during an interview at the bank's headquarters in Tokyo's Chiyoda Ward on May 22. | JIJI Sumitomo Mitsui Trust Bank plans to invest ¥360 billion ($2.2 billion) to ¥380 billion in digital technologies over three years, President Manatomo Yoneyama said in an interview. The bank also plans to spend ¥30 billion to optimize its operations. It will utilize artificial intelligence technology for office tasks and reposition some 900 employees to client-facing roles. The bank made an AI agent, which can handle people's tasks, "100% internally," said Yoneyama, who took the helm of Sumitomo Mitsui Trust in April after working on digital innovation at the bank. He said the bank is "sensing the advantage" of the in-house development, including smooth utilization of data. It aims to sell the AI agent in fiscal 2028.
Three Japanese opposition parties explore new alliance
Junya Ogawa, leader of the Centrist Reform Alliance, attends a news conference on Friday in Tokyo. Moves to launch a new party have emerged among three opposition parties in Japan, sources said Sunday. The idea arose in the course of talks on the possible integration of the Constitutional Democratic Party of Japan and Komeito into the Centrist Reform Alliance. The CRA and Komeito are keen about the new opposition party option. Some senior members of the CDP and officials of a major labor union supporting the initiative are also positive, according to sources familiar with the matter. In a time of both misinformation and too much information, quality journalism is more crucial than ever.
Embattled Nidec to suspend biz acquisitions
KYOTO - Nidec President Mitsuya Kishida has said the major Japanese motor maker will suspend business acquisitions for the time being to focus its efforts on reconstructing the firm rocked by accounting and product quality fraud. Business acquisitions have been a growth driver for Nidec, based in Kyoto. "I will work on rebuilding our company's governance system," Kishida said in an interview Friday, showing a plan to spend ¥130 billion over five years on measures to prevent irregularities. A panel of outside experts that investigated the accounting fraud has concluded that excessive pressure from Nidec's founder, Shigenobu Nagamori, on company staff to meet performance targets was among the factors behind the irregularities. Pointing out that Nidec had "a corporate culture to pursue short-term profits," Kishida said, "We will build a system that makes it impossible to commit irregularities regarding accounting and product quality control." On future business management, he said, "We will review our operations, including the possibility of ceding what we have in our group to partner entities," suggesting that consolidating some of its existing operations could be an option.
Japanese cellist Kitamura wins 5th prize in Brussels contest
Yo Kitamura won the fifth prize in the cello division of the Queen Elisabeth Competition in Brussels on Sunday. Brussels - Yo Kitamura of Japan won the fifth prize in the cello division of the prestigious Queen Elisabeth Competition in Brussels on Sunday. In the final selection process joined by 12 cellists, Kitamura, 22, who is from Nishinomiya, Hyogo Prefecture, played Russian composer Sergey Prokofiev's Symphony-Concerto and other works with the Belgian National Orchestra on Tuesday. "I couldn't make it to the top three, but I think it is a meaningful experience because I was able to grow so much," Kitamura told reporters. "I want to face my big dream of making the world peaceful with music." The winner of the cello division is Ettore Pagano, 23, from Italy.
Tokyo rally urges return of all Japanese abductees held in North Korea
Sakie Yokota (center, back), mother of North Korean abductee Megumi Yokota, and others attend a rally held in Tokyo on Saturday that called for the immediate return of Japanese people abducted by North Korea. A large-scale rally was held in Tokyo on Saturday to seek the immediate return home of all Japanese abductees in North Korea. Relatives of those abducted to North Korea decades ago expressed hopes for the return of abductees immediately and while their parents are still alive. The event, organized by the association of families of abduction victims and other entities, was attended by about 800 people, including Prime Minister Sanae Takaichi. "We will never give up," said Takuya Yokota, 57, head of the association and the younger brother of Megumi Yokota, who was abducted in 1977 at the age of 13. He called on North Korean leader Kim Jong Un to release all abductees to "chart a bright future for both countries."
Labor shortage fuels ramp-up of humanoid robot development
A humanoid robot is displayed at the Humanoids Summit in Tokyo on Thursday. Amid growing anticipation of physical artificial intelligence, robots are increasingly being seen as a viable option to fill labor gaps. This topic was one of the major agendas during the two-day Humanoids Summit in Tokyo, which ended on Friday. "In Japan the United States globally, we just don't have the birth rates to sustain the workforce that we need," said Brendan Schulman, vice president of policy at Massachusetts-based robotics company Boston Dynamics during a speech at the event. In a time of both misinformation and too much information, quality journalism is more crucial than ever.
Taiyo Yuden sees 'scary' levels of AI parts demand risking supply chain
Taiyo Yuden sees'scary' levels of AI parts demand risking supply chain Multilayer ceramic capacitors, which are tiny components that regulate and stabilize power flow in electronic devices, are becoming a growing bottleneck in the construction of artificial intelligence data centers. Taiyo Yuden is fielding "scary" levels of demand for its high-end artificial intelligence server components, stretching capacity and increasing the risk of supply chain hiccups. The Tokyo-based company, which makes multilayer ceramic capacitors, will likely need to accelerate spending to expand output capacity, Chief Executive Officer Katsuya Sase said in an interview. MLCCs, which are tiny components that regulate and stabilize power flow in electronic devices, are becoming a growing bottleneck in the construction of artificial intelligence data centers. Taiyo Yuden and Murata Manufacturing comprise the bulk of the world's supplies of high-end MLCCs. "The volumes we are seeing today -- it's scary," Sase said.
Uber passengers can now make audio recordings of their journey if they feel unsafe
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