financetom
Business
financetom
/
Business
/
OpenAI bids for Japan business as it opens Tokyo office
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
OpenAI bids for Japan business as it opens Tokyo office
Apr 15, 2024 12:11 AM

TOKYO, April 15 (Reuters) - Microsoft ( MSFT ) backed

artificial intelligence startup OpenAI made a pitch for business

in Japan on Monday as it opened its first Asia office in Tokyo.

The startup, which has caused excitement among consumers

since the launch of its ChatGPT generative AI chatbot in late

2022, is looking to grow new sources of revenue globally.

OpenAI CEO Sam Altman and Chief Operating Officer Brad

Lightcap have hosted of hundreds Fortune 500 company executives

in the United States and Britain this month to pitch for

business, Reuters has reported.

Altman last year said he was considering a Japan location

after meeting Prime Minister Fumio Kishida. The startup has also

opened offices in London and Dublin.

Japan hopes to take advantage of AI as it looks to compete

with an increasingly assertive China, accelerate the shift to

digital services and alleviate deepening labour shortages.

OpenAI on Monday said it has a custom model optimised for

the Japanese language and that Tadao Nagasaki, who was president

of Amazon Web Services in Japan, is heading the Japan business.

While the country is seen as a laggard in the technology,

local companies including telcos SoftBank and NTT

are investing in large language models.

Microsoft ( MSFT ) said last week it would invest $2.9 billion over

two years in cloud and AI infrastructure in Japan, part of a

wave of investment globally by U.S. tech giants.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MOVES-JPMorgan Private Bank names Catania head for continental Europe
MOVES-JPMorgan Private Bank names Catania head for continental Europe
Sep 3, 2025
MILAN, Sept 3 (Reuters) - JPMorgan ( JPM ) said it had named Sarah Catania head of its private banking business for continental Europe, reporting to Pablo Garnica, chief executive of JPMorgan Private Bank for Europe, Middle East and Africa. The U.S. bank also said in an emailed note that Pietro Sala had become market manager for JPMorgan Private bank...
US reconsidering approval of another Massachusetts offshore wind farm
US reconsidering approval of another Massachusetts offshore wind farm
Sep 3, 2025
(Reuters) -The Trump administration is reconsidering the approval of Iberdrola's planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. Attorneys for the Department of Justice said they would move by October 10 to vacate the U.S. Bureau of Ocean Energy Management's approval of the New England Wind construction and operations plan. The...
Graphene Manufacturing Group Higher as Raises $6.9 Million in Bought Deal Financing of Units
Graphene Manufacturing Group Higher as Raises $6.9 Million in Bought Deal Financing of Units
Sep 3, 2025
11:57 AM EDT, 09/03/2025 (MT Newswires) -- Graphene Manufacturing Group ( GMGMF ) up 6% on last look, on Wednesday said it raised $6.9 million from a bought deal public offering of 7.7-million units priced at $0.90 each, including the full exercise of the over-allotment option. Each unit consists of one share and a three-year warrant to buy a share...
JPMorgan Private Bank names Catania head for continental Europe
JPMorgan Private Bank names Catania head for continental Europe
Sep 3, 2025
MILAN (Reuters) -JPMorgan said it had named Sarah Catania head of its private banking business for continental Europe, reporting to Pablo Garnica, chief executive of JPMorgan Private Bank for Europe, Middle East and Africa. The U.S. bank also said in an emailed note that Pietro Sala had become market manager for JPMorgan Private bank for Italy and Greece. Both Catania...
Copyright 2023-2026 - www.financetom.com All Rights Reserved