It is reported that the Japanese government will provide roughly 1 trillion yen ($6.34 billion) in support over five years to help a planned new company develop home-grown AI, a source close to matter said. 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 five-year support scheme is set to begin in fiscal 2026, which starts in April 2025. Around 100 engineers from SoftBank and AI start-up Preferred Networks Inc. will join the new company.
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