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Microsoft Corporation (NASDAQ:MSFT) Support Open artificial intelligenceThe entity behind the critically acclaimed ChatGPT generative artificial intelligence chatbot has expanded its global reach with the opening of its first Asian office in Tokyo, Japan.
This strategic initiative aims to cultivate new revenue streams by partnering with regional businesses.
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Reuters reported that OpenAI CEO Sam Altman and Chief Operating Officer Brad Lightcap have been actively contacting senior executives of Fortune 500 companies in the United States and the United Kingdom and promoting OpenAI’s functions and commercial applications.
Last year, Ultraman decided to set up an office in Japan after discussions with Prime Minister Fumio Kishida.
This shows the country’s interest in leveraging AI technology to remain competitive, especially against China’s technological advances.
Japan aims to use artificial intelligence to carry out digital transformation and alleviate challenges posed by an aging population and labor shortages.
OpenAI announced the development of a customized model optimized for Japanese, demonstrating its commitment to providing localized artificial intelligence solutions.
Tadao Nagasaki, the former president of Amazon Web Services Japan, has been appointed to lead OpenAI’s efforts.
The initiative is part of a broader push to adopt artificial intelligence in Japan, although it lags behind in technology adoption compared to other countries. Local giants such as SoftBank and NTT invest in artificial intelligence technology, including large-scale language models.
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Spurred further by a boom in artificial intelligence, Japan has become a top destination for technology companies seeking to reduce their dependence on China.
Microsoft recently announced a massive investment of $2.9 billion in cloud and artificial intelligence infrastructure in Japan over the next two years.
During Prime Minister Kishida’s inspection of the Kumamoto Factory, British Semiconductor (NYSE: TSM ) CEO CC Wei announced the company’s goal to source 60% of the materials locally by 2030 for its first Japanese chip manufacturing plant.
The Japanese government supports TSMC’s move, investing 476 billion yen ($3.1 billion) in the first plant and providing an additional 732 billion yen in subsidies for the second plant.
TSMC’s Kumamoto plant will start producing logic chips for various applications by the end of this year.
at the same time, amazon.com (Nasdaq: AMZN) Amazon Web Services plans to invest $15.5 billion in Japan from 2023 to 2027 to expand its data centers and strengthen its local business.
Microsoft shares have risen more than 46% in the past 12 months.Investors can gain stock exposure in the following ways SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE: FTEC).
Price Action: MSFT shares closed down 1.41% at $421.90 on Friday.
Disclaimer: This content is generated in part with the help of artificial intelligence tools, and is reviewed and published by Benzinga editors.
Photo credit: Shutterstock
Discover the power of Triple Threat stocks today!
Legendary investor Tim Melvin discovered an unexpected “triple threat stock” in his earnings report. Want to seize great opportunities in bear and bull markets? Find out if you qualify for an earnings report. Access now for only $0.99!
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