Plotting

Results


SoftBank's startup bookkeeping draws scrutiny after WeWork fiasco

The Japan Times

In early 2018, the founders of Chinese artificial intelligence startup SenseTime Group Ltd. flew to Tokyo to see billionaire investor Masayoshi Son. As they entered the offices, Chief Executive Officer Xu Li was hoping to persuade the head of SoftBank Group Corp. to invest $200 million in his three-year-old startup. A third of the way into the presentation, Son interrupted to say he wanted to put in $1 billion. A few minutes later, Son suggested $2 billion. Turning to the roomful of SoftBank managers, Son said this was the kind of AI company he'd been looking for. "Why are you only telling me about them now?" he asked, according to one person in the room.


Top-10 Artificial Intelligence Startups in Japan - Nanalyze

#artificialintelligence

The Land of the Rising Sun is a peculiar mix of tradition and modernity. Nowhere else in the world can one see centuries-old shrines sitting comfortably next to high tech skyscrapers in such harmony. Nowhere in the world does the airport ground crew stop what they're doing so they can wave goodbye to departing planes until they're out of sight. Nowhere in the world will you find customer service that drips with genuine sweetness with no tips expected. Nowhere in the world will you find a people as endearing as the Japanese.


5G and smart vehicles are set to drive growth in Japan next, analyst says

#artificialintelligence

The development of 5G mobile networks, as well as smart vehicles, will be among the next hot sectors in Japan, a senior equity analyst told CNBC. Previously, the information technology industry in Japan was driven by products such as digital cameras and smartphones, but it has now reached a plateau, Kazunori Ito, senior equity analyst at Ibbotson Associates Japan, said last month. "From here, I would observe many of the growth opportunities are non-IT industries, such as autos, and many other industries driven by the diffusion of 5G," he told CNBC's "Capital Connection." Ito said his top Japanese stock picks are smartphone component maker Murata Manufacturing and electronics company TDK. Major specifications for a new 5G mobile network are expected to be set by the industry this December, he said.


Creative children, not wannabe bots, will win the AI revolution

#artificialintelligence

The fourth industrial revolution stands out from its predecessors in a critical way: rather than making it easier for humans to use their surroundings more effectively for their own benefit, technology is displacing humans in the workplace. The question is who will benefit now.


SoftBank's Son chases boyhood dreams with $100 billion fund

The Japan Times

When Masayoshi Son was a boy growing up in Kyushu, he kept a notebook to scribble down inventions he hoped to create one day. Today, the SoftBank founder has almost $100 billion to invest in making the next big thing a reality. Son's SoftBank Group Corp. closed the first round of a planned $100 billion investment fund, with money raised from Saudi Arabia, Abu Dhabi, as well as Apple Inc. and Qualcomm Inc. The Vision Fund gives the 59-year-old access to a pool of capital unparalleled in the worlds of private equity or venture capital -- the equivalent of four Silver Lakes or 15 Sequoia Capitals. He has said, without irony, that he has a 300-year plan for SoftBank and aims to build the world's most valuable company.


Artificial Intelligence and Robotics - Topics - FT.com

#artificialintelligence

If Silicon Valley talks about death, it usually plans to stop it. When Alphabet, the company formerly known as Google,... Bothersome bots are only part of the problem for WeChat users, the dangers of a space bubble and how the prospect of... A hedge fund focused on artificial intelligence has raised 1.5m from a group of investors led by a founder of... Tokyo-based messaging app Line will launch a smartphone call-centre using an artificial intelligence bot later this... Schools risk being turned into "exam factories", warn business leaders who say the education system needs to be... Man Group's computer-powered AHL hedge fund plans to ratchet up its investment in "machine learning", a hot new area of... Konstantin Tsiolkovsky was best known for two things: his enormous ear trumpet (used to counter deafness caused by... Dystopian visions of a future in which machines sweep millions of people out of work are as old as technological change... Whatever happened to the human touch? If you believe the latest fad from the tech world, it won't be long before we... Facebook has hired Regina Dugan from Google, poaching the former director of the US research agency Darpa to lead a new... Facebook wants businesses to adopt bots to communicate with their customers on its Messenger service, in the hope that... While it sounds innovative, the phrase "reinventing the wheel" is more often used to describe activities that are... China's uptake of industrial robots is set to rise rapidly in the coming years as higher labour costs and the... On the bus to work at 7.30am, most commuters are half asleep, but 26-year-old Henrietta Hunter is doing her banking...