OpenAI opens Tokyo office to expand globally by attracting new revenue sources

From Investing.com: 2024-04-15 02:50:33

Microsoft-backed AI startup OpenAI opened its first Asia office in Tokyo, aiming to expand globally by attracting new sources of revenue. The company, known for its ChatGPT generative AI chatbot, has been pitching to Fortune 500 executives in the US and UK. Japan plans to leverage AI to compete with China, promote digital services, and address labor shortages. Tadao Nagasaki, former president of Amazon Web Services Japan, leads OpenAI’s Japan operations. Local firms like SoftBank and NTT are increasing investments in large language models. Microsoft announced a $2.9 billion investment in cloud and AI infrastructure in Japan, part of a broader trend of US tech giants investing globally.



Read more at Investing.com: OpenAI bids for Japan business as it opens Tokyo office By Reuters