Japan Backs AI Chip Startup EdgeCortix in Boost to Defense Tech
EdgeCortix Inc., a Tokyo-based AI chip startup, is riding a wave of interest to foster Japanese semiconductors with defense applications.
EdgeCortix, which has won a contract tied to the US Department of Defense, on Wednesday secured government subsidies of ¥3 billion ($21 million) to develop energy-efficient AI chiplets for commercialization in 2027. The contract may help revenue more than double this year, founder Sakyasingha Dasgupta said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
28 minutes ago
- Associated Press
Findevor Launches AI-Powered Legal System Abuse Prevention Product for Casualty Insurers
U.S. insurers face $425B+ in annual litigation exposure—Findevor's AI agents are like hiring 100 digital data analysts to stop it before it hits your book. NEW YORK CITY, NY, UNITED STATES, June 4, 2025 / / -- Findevor, a next-generation portfolio management and underwriting platform, has officially launched its newest product focused on legal system abuse prevention—a groundbreaking capability designed to help casualty insurers reduce litigation losses before they occur. Built for data teams and portfolio managers at both commercial and personal lines carriers—including casualty and E&S—the product uses Findevor's modular PRO-AI platform to orchestrate advanced analytics workflows that: 1) Ingest and analyze structured and unstructured internal portfolio and claims data 2) Cross-reference exposures with external signals like OSHA violations, judicial hotspot maps, and plaintiff firm activity 3) Surface personalized, actionable insights to identify and prevent legal system abuse risks in real time Unlike traditional systems, the PRO-AI platform requires no core system overhaul. Users interact with the product through a natural language interface—delivering the capabilities of a full analyst team through a single chat window. 'Legal system abuse is no longer just a claims problem—it's a portfolio performance problem. With this launch, we're bringing prevention to the forefront, helping carriers act before losses happen—not after,' said Alex Valdes, CEO and Co-Founder of Findevor. Findevor's AI product is already in motion with several top carriers and MGAs and has been recognized for its innovative work in portfolio management. 'We designed this product for real-world underwriting and data workflows. It's modular, intelligent, and built to evolve with our partners,' said Virgil Tataru, CTO and Co-Founder of Findevor. Key metrics: - Designed to deliver actionable litigation insights 99% faster than current methods - Helps prevent losses tied to legal abuse trends that now exceed $500B annually, or 3% of U.S. GDP, growing at 7% per year - Reduces reliance on reactive actions from periodic post-loss reviews To learn more or request a private demo, visit or contact [email protected]. About Findevor: Founded in 2024 and based in New York City, Findevor is a next-generation portfolio management and underwriting platform. The company helps insurers drive profitable growth by reducing premium and loss leakage using agentic AI. With a mission to enhance decision-making by elevating human intelligence, Findevor's modular tools analyze internal and external data to identify emerging risks, automate underwriting workflows, and connect strategic goals with real-time portfolio decisions. Media Contact: [email protected] Findevor Alex Valdes Findevor, Inc. email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
34 minutes ago
- Yahoo
Top Players Profiled in New 2025 Asia-Pacific Non-Lethal Weapons Market Report: Byrna Technologies, General Dynamics, Moog, Raytheon Technologies, Rheinmetall, Textron, and Combined Systems
Significant growth is seen in China, India, and Japan. Regulatory challenges and training issues are hurdles to adoption, yet innovations like directed energy weapons highlight its expanding application. Key players in the market include Byrna Technologies Inc., Raytheon, and Rheinmetall AG. Asia-Pacific Non-Lethal Weapons Market Dublin, June 04, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Non-Lethal Weapons Market Size and Growth Trends 2025-2033" has been added to offering. The Asia-Pacific Non-Lethal Weapons Market is expected to reach US$ 5.35 billion by 2033 from US$ 3.31 billion in 2024, with a CAGR of 5.48% from 2025 to 2033. Urbanization, technological development, and government spending on defense modernization - which aims to increase security, control civil disturbance, and promote public safety - are the main factors propelling the expansion of the Asia-Pacific non-lethal weapons market. As law enforcement and military organizations in the Asia-Pacific area increasingly use non-lethal options for crowd control, public safety, and military operations, the market for non-lethal weaponry is expanding quickly. The necessity for efficient crowd control techniques has been brought to light by the increasing frequency of civil disturbance, open protests, and large-scale demonstrations in densely populated metropolitan areas. Tasers, rubber bullets, tear gas, and directed energy systems are examples of non-lethal weapons that are safer than conventional guns and give law enforcement a means of upholding public order while reducing the number of fatalities and injuries. The need for these technologies is anticipated to grow as population density and urbanization continue to rise. The Asia-Pacific non-lethal weapons industry is expanding due in large part to technological improvements. More accurate, flexible, and efficient non-lethal solutions have been developed as a result of ongoing research and development. Non-lethal weapons are becoming more capable and adaptable to a wider range of tactical situations because to advancements in directed energy weapons, acoustic systems, and smart ammo. In addition to improving non-lethal systems' efficacy, these technical advancements also make them safer to employ in intricate and dangerous scenarios. As a result, security personnel in the area have been more inclined to embrace cutting-edge non-lethal methods. Government spending on modernizing the military is another important driver propelling the market's expansion. Asia-Pacific nations are investing more in defense, strengthening their law enforcement capacities, and modernizing their military equipment. In order to manage civil disturbance, improve public safety, and solve security issues, this investment includes funds for the research and development of non-lethal weaponry. Non-lethal weapons are viewed as a crucial part of contemporary security tactics, encouraging a more efficient and compassionate approach to military operations and law enforcement as governments attempt to strike a compromise between security requirements and human rights safeguards. Effective crowd control methods will become more necessary as the region's metropolitan population is expected to increase by 50% by 2050, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). Between 2020 and 2023, Japan's National Police Agency reported spending on non-lethal crowd control equipment increased by 35%, with around JPY 2.8 billion allocated specifically for advanced non-lethal technology. The Australian Federal Police claim that compared to more conventional methods of crowd control, the use of non-lethal weapons decreased injuries by 45%. The purchase of non-lethal weapons has increased significantly in India, according to the Ministry of Home Affairs, with state police receiving a 65% increase in funding for crowd control gear in 2023 over 2020. According to Chinese law enforcement officials, employing non-lethal crowd control techniques preserved efficient crowd management skills while lowering civilian casualties during major events by 58%. Key Attributes Report Attribute Details No. of Pages 200 Forecast Period 2024-2033 Estimated Market Value (USD) in 2024 $3.31 Billion Forecasted Market Value (USD) by 2033 $5.35 Billion Compound Annual Growth Rate 5.4% Regions Covered Asia-Pacific Key Topics Covered1. Introduction2. Research & Methodology2.1 Data Source2.1.1 Primary Sources2.1.2 Secondary Sources2.2 Research Approach2.2.1 Top-Down Approach2.2.2 Bottom-Up Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Asia-Pacific Non-Lethal Weapons Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis6.1 Product Type6.2 Technology6.3 End Use6.4 Country7. Product Type7.1 Gases and sprays7.2 Grenades7.3 Bullets7.4 Taser Guns7.5 Others8. Technology8.1 Chemical8.2 Electroshock8.3 Mechanical and Kinetic8.4 Acoustic/Light8.5 Others9. End Use9.1 Law Enforcement9.2 Military9.3 Others10. Country10.1 China10.2 Japan10.3 India10.4 Australia10.5 South Korea10.6 Thailand10.7 Malaysia10.8 Indonesia10.9 New Zealand11. Porter's Five Analysis11.1 Bargaining Power of Buyers11.2 Bargaining Power of Suppliers11.3 Degree of Rivalry11.4 Threat of New Entrants11.5 Threat of Substitutes12. SWOT Analysis12.1 Strength12.2 Weakness12.3 Opportunity12.4 Threat13. Company Analysis13.1 Byrna Technologies Inc.13.2 General Dynamics Corporation13.3 Moog Inc.13.4 Raytheon Technologies Corporation13.5 Rheinmetall AG13.6 Textron Inc.13.7 Combined Systems more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Non-Lethal Weapons Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
37 minutes ago
- Yahoo
Microsoft offers to boost European governments' cybersecurity for free
By Supantha Mukherjee STOCKHOLM (Reuters) -Microsoft is offering free of charge to European governments a cybersecurity programme, launched on Wednesday, to bolster their defences against cyber threats, including those enhanced by artificial intelligence, it said. After a surge in cyberattacks in Europe, many linked to state-sponsored actors from China, Iran, North Korea and Russia, the programme aims to boost intelligence-sharing on AI-based threats and help to prevent and disrupt attacks. "If we can bring more to Europe of what we have developed in the United States, that will strengthen cybersecurity protection for more European institutions," Microsoft President Brad Smith told Reuters in an interview. "You're going to see other things we are doing later in the month." Increasingly, attackers employ generative AI to amplify the scale and impact of their operations that range from disrupting critical infrastructure to spreading disinformation. Although malicious actors have weaponised AI, Smith said AI also offered defensive tools. "We don't feel that we have seen AI that has evaded our ability to detect the use of AI or the threats more broadly," Smith said. "Our goal needs to be to keep AI advancing as a defensive tool faster than it advances as an offensive weapon," he said. Microsoft tracks any malicious use of AI models it releases and prevents known cybercriminals from using its AI products. AI-driven deepfakes have included a portrayal of Ukrainian President Volodymyr Zelenskiy capitulating to Russian demands in 2022 and a fake audio recording in 2023 that influenced the Slovakian election. Smith said so far audio had been easier to fake than video. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
