Japan's Itochu invests in US self-driving startup May Mobility
TOKYO -- Japanese trading house Itochu is investing in U.S. autonomous driving startup May Mobility to the tune of 1 billion yen ($6.9 million), Nikkei has learned, looking to roll out May's services onto Japan's roads.
The transaction occurred in April as part of a capital and business alliance. The two sides will finalize details of the partnership later.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
30 minutes ago
Japan to Set Up AI Strategy Task Force
News from Japan Politics Technology Jun 3, 2025 10:57 (JST) Tokyo, June 3 (Jiji Press)--Japanese Prime Minister Shigeru Ishiba said Monday that his government will set up a task force on an artificial intelligence strategy by autumn. Ishiba ordered his ministers to draw up a basic plan for AI development and use by winter. "We will make Japan the friendliest country for (AI) research and development," Ishiba told a meeting of experts and officials. He said the basic plan should include measures to address labor shortages and enhance productivity. A new law enacted in May to promote AI development and address risks involved stipulates that the government set up a task force to oversee related policies and craft a basic development plan. [Copyright The Jiji Press, Ltd.] Jiji Press
Nikkei Asia
an hour ago
- Nikkei Asia
Laos president says must lure more countries to invest
TOKYO -- Laos is looking to lure investment from more countries in the face of growing uncertainty over global trade, its president told Nikkei Asia, increasingly turning to nations like the U.S. and its Southeast Asian neighbors as it pushes to diversify beyond traditional partner China. "Laos needs to rebuild its economy and become economically independent," Thongloun Sisoulith said in an exclusive interview last Friday on the sidelines of Nikkei's annual Future of Asia forum.
The Mainichi
2 hours ago
- The Mainichi
Japanese baseball legend Shigeo Nagashima dead at 89: Yomiuri newspaper
TOKYO (Kyodo) -- Japanese baseball legend Shigeo Nagashima, who rose to stardom for his on-field exploits during the country's era of rapid economic growth in the 1960s and 1970s, died Tuesday, the Yomiuri Shimbun newspaper said. He was 89. Nagashima, who was a key player of the Yomiuri Giants team that achieved nine consecutive Central League and Japan Series titles from 1965 to 1973 and later managed the club, was a charismatic figure whose popularity transcended sports. Together with teammate Sadaharu Oh, or "O-N" as the pair were nicknamed, Nagashima became a household name at a time when the country's economy was booming and is fondly remembered by many middle-aged and older Japanese with nostalgia for those times.
