Japan to Support Startups to Boost Generative AI Development

Japan’s Ministry of Economy, Trade and Industry has decided to provide support to seven startups in a bid to boost domestic development of generative AI, Minister Ken Saito says.

• METI’s support is part of a broader push by Prime Minister Fumio Kishida to aid Japanese startups and boost investment into young companies, especially in artificial intelligence-related tech
• Separately, minister declines to comment on former President Donald Trump’s remark promising to block Nippon Steel Corp.’s plan to buy United States Steel Corp. if he wins the November election
• “The US-Japan partnership is stronger than ever, and the two countries must continue ...