Mitsubishi Corp. is investing in a new AI-focused fund spearheaded by Stanford University’s Andrew Ng, aiming to strengthen its ties with high-tech startups. Ng, known for his work with Google and Baidu, is raising over $120 million for the fund, which will primarily back U.S. startups in industries like retail, healthcare, and logistics.
Mitsubishi’s involvement aligns with its strategy to integrate AI technologies across its diverse businesses, from energy to food. The company is also focusing on developing AI talent internally, offering a mix of domestic training and overseas study programs. In addition, its subsidiary, MC Digital, will provide support by advancing AI-powered systems for various applications, such as logistics optimization and data analysis.
Through these initiatives, Mitsubishi aims to stay competitive in the rapidly evolving digital landscape while fostering innovation within its operations.
