While Japan has been a leader in robotics, its foray into AI has been somewhat delayed, according to the “Artificial Intelligence in Asia Pacific” report released by Tractica.
While Japan has been a leader in robotics, its foray into AI has been somewhat delayed, according to the “Artificial Intelligence in Asia Pacific” report released by Tractica.
Despite the fact Japan has one of the largest R&D budget in the world (at US$165 billion annually), after the U.S. and China, only less than 1% of the budget (US$0.5 to US$1 billion) is allocated to AI development.
The private sector has been more ambitious. SoftBank, Toyota, Hitachi and Takeda Pharmaceutical are major players in the field, with healthcare, manufacturing and finance as the focus area of AI application.
SoftBank is a major investor in AI. The US$100 billion SoftBan...