Softbank (SFTBY) has formed a company to build a foundation model for “physical AI”, which autonomously controls robots and machines, in Japan through a public-private partnership, Nikkei Asia’s Natsuki Yamamoto reports, citing sources. NEC (NIPNF), Honda Motor (HMC), Sony (SONY) Group (SONY, MUFG Bank (MUFG), Sumitomo Mitsui Banking (SMFG), Mizuho Bank (MFG), Nippon Steel (NPSCY) and Kobe Steel (KBSTF) have invested in the unit and the Japanese government is mulling whether to offer support.
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