News On Japan

Softbank Unveils 'Crystal' in Partnership With OpenAI

TOKYO, Feb 03 (News On Japan) - SoftBank Group Chairman and CEO Masayoshi Son and OpenAI CEO Sam Altman have launched a new AI services company in Japan, aiming to drive innovation in enterprise AI. At the unveiling, Son introduced the company’s first service, "Crystal," which he described as a revolutionary AI solution that will transform business operations.

Addressing an audience of 500 corporate executives, he emphasized that Crystal will integrate corporate data, such as human resources information, to provide strategic advice. In the future, he suggested, AI could even take over key business functions like sales, enhancing efficiency and competitiveness. He underscored the significance of AI adoption, stating that companies using Crystal will have an overwhelming advantage, comparing the gap to "a machine gun and a sword."

The new venture comes as Japan seeks to regain its standing in AI development amid rapid advancements by global competitors. OpenAI’s involvement signals a strategic partnership, with Altman bringing his expertise to the initiative. During the launch, he addressed concerns over the rise of DeepSeek, a Chinese company that has developed a ChatGPT-like AI at a lower cost. Altman stressed that ensuring AI safety requires significant effort but noted that once security is guaranteed, AI technologies will be readily accepted. OpenAI is currently investigating whether any Chinese firms have improperly used its technology, highlighting growing concerns over AI competition and intellectual property.

Beyond Crystal, SoftBank and OpenAI have already announced a major collaboration in the United States. Their joint initiative, "Stargate," involves an investment of 78 trillion yen and aims to drive large-scale AI research and deployment. Altman predicted that AI will soon enable breakthroughs at an unprecedented pace, with decades' worth of discoveries occurring in just a year and centuries' worth in the next. He suggested that such rapid advancements will have a profound impact on both economic growth and quality of life.

With this partnership, SoftBank and OpenAI are making a bold move to place Japan at the forefront of AI innovation. As AI continues to reshape industries, the success of this initiative could determine Japan’s ability to compete in the increasingly AI-driven global economy.

Source: TBS

News On Japan
POPULAR NEWS

Kyoto City significantly raised its lodging tax from March 1st, increasing the maximum charge per person per night from 1,000 yen to as much as 10,000 yen, in a move aimed at tackling overtourism and funding the preservation of cultural assets, even as questions remain about its impact on visitors and the local economy.

A former emergency responder and foreign tourists worked together to rescue a woman in her 80s who was trapped inside an overturned light vehicle in Hakuba Village, Nagano Prefecture.

Tokyo Metro and Toshiba have launched Japan’s first demonstration test allowing passengers to pass through ticket gates without touching them by using their smartphones’ Bluetooth function.

The admission fee for the World Heritage-listed Himeji Castle in Himeji, Hyogo Prefecture, was revised on March 1st for the first time in 11 years, introducing a dual pricing system that significantly raises costs for visitors from outside the city.

An eight-year-old Australian girl died after a snowmobile overturned in Hakuba Village, Nagano Prefecture, at around 11 a.m. on February 28th, with authorities investigating the cause of the accident.

MEDIA CHANNELS
         

MORE Business NEWS

All Nippon Airways held a press conference to announce a change in leadership, with Executive Vice President Hisaichi Hirasawa set to assume the role of president on April 1st, stating that sweeping reforms to the airline’s struggling domestic operations are urgently needed as profitability continues to deteriorate.

As price hikes spread from fast food to daily necessities and households grapple with rising living costs, the steady depreciation of the yen has emerged as a central driver of inflation, with multiple indicators showing that the currency’s purchasing power has fallen to roughly one-third of its mid-1990s peak, underscoring how three decades of economic stagnation, prolonged monetary easing and renewed fiscal expansion have left Japan far more vulnerable to imported inflation than other major economies.

An AI startup that emerged almost overnight, Akari had long been known only to insiders due to its limited media exposure, but after receiving investment from Mitsubishi Electric at the end of January and seeing its corporate valuation surge past 100 billion yen, the Tokyo-born venture has rapidly positioned itself as a leading unicorn candidate in Japan’s AI sector.

Mizuho Financial Group has decided on a policy to improve operational efficiency through the use of artificial intelligence, aiming to reduce administrative work equivalent to as many as 5,000 employees over the next decade.

Honda announced on February 26th that it will introduce a new model of its SUV, the CR-V, with prices starting at 5,122,700 yen.

The Japan Fair Trade Commission has conducted an on-site inspection of Microsoft’s Japanese subsidiary on suspicion of violating the Antimonopoly Act by potentially restricting the use of rival services.

A long-awaited spell of steady rain fell across Japan following a record stretch of low precipitation, offering much-needed relief to farmers and manufacturers that had struggled with water shortages.

Food delivery service Wolt announced that it will withdraw from Japan on March 4th as competition in the domestic delivery market intensifies.