[SoftBank Establishes New Company to Develop Japan's Domestic AI] According to Golden Finance on April 13, SoftBank has established a new company to develop Japan's domestic AI. Eight companies, including NEC and Honda, will invest, and the Japanese government is also considering providing support. Through public-private collaboration, the aim is to develop foundational models for addressing 'physical AI.' In addition to NEC and Honda, Sony Group, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Steel, and Kobe Steel are also investing in the AI foundational model development company established by SoftBank (located in Shibuya, Tokyo). Preferred Networks (located in Chiyoda, Tokyo), which specializes in AI development, will also collaborate on model construction. (Jin10)