Japan financial firms to join NEC-Anthropic AI collaboration

Anthropic CEO Dario Amodei speaks during the World Economic Forum's annual meeting in Davos, Switzerland, in January. Electronics maker NEC said Thursday that major Japanese financial institutions, including Sumitomo Mitsui Financial Group and MS&AD Insurance Group Holdings, will participate in its strategic collaboration with U.S. startup Anthropic in the field of artificial intelligence. The partnership aims to improve the quality of financial services for customers using AI and to strengthen measures against cyberattacks. The other companies are Sumitomo Life Insurance, Daiwa Securities Group, Sumitomo Mitsui Trust Group, Sumitomo Mitsui Trust Bank and Meiji Yasuda Life Insurance. Using Anthropic's AI technology, the partners will work not only on developing new services but also on improving productivity by streamlining business processes at each company.