Fujitsu targeting ¥400 bil. from AI

Jiji Press TOKYO (Jiji Press) — Japanese Technology giant Fujitsu Ltd. said Tuesday that it aims to generate a total of ¥400 billion in revenue from its artificial intelligence-related businesses in the five years through fiscal 2022.

On Thursday last week, the company set up a fully owned unit, Fujitsu Intelligence Technology, in Vancouver, Canada, that will formulate Fujitsu’s AI business strategies and operate as a command center for related operations of the group across the globe.With the new firm, Fujitsu will beef up its research and development activities and sales abroad. Vancouver is a hub for AI research.

At a press conference, Naoko Yoshizawa, chief executive officer at the new unit, said, “We’ll speed up [the launches of new products and businesses] by having our new base in North America, where a number of AI-related research institutions and startups operate.” Fujitsu plans to raise the number of employees at Fujitsu Intelligence Technology to 150-200 by 2020 from 13 at present and lift the share of the group’s AI-related revenue abroad to 50 percent by fiscal 2022 from the current level of less than 10 percent.Speech

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