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    9434   JP3732000009

SOFTBANK CORP.

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SoftBank : The University of Tokyo and SoftBank Corp.-Agree to Establish the Beyond AI Institute

12/09/2019 | 08:13am EDT

New facility to gather the world's best minds to take Japan's AI to the next stage.

The University of Tokyo and SoftBank Corp. ('SoftBank') today announced an agreement to establish the Beyond AI Institute, a new research facility that will gather the world's best minds and launch programs to develop businesses with research results.

The Beyond AI Institute aims to be an advanced artificial intelligence (AI) research organization that brings together top-level researchers from the University of Tokyo and leading universities abroad. The institute will conduct fundamental research for key AI technology and for incorporating research from other academic fields. Using these fundamental research results, applied research will be conducted for the purpose of utilizing AI to address issues facing society and industry. Along with linking fundamental research areas to applied research domains, for business development the Beyond AI Institute will actively utilize the Collaborative Innovation Partnership (CIP) system* that was newly formulated by Japan'sMinistry of Economy, Trade and Industry (METI), which enables universities and companies to rapidly set up joint ventures.

Through the Beyond AI Institute, the University of Tokyo and SoftBank Corp. will contribute to Japan's AI research and AI-related businesses to lead Japan's AI revolution.

Specific Initiatives

(1)Advanced AI research conducted by top level researchers from the University of Tokyo and universities abroad

To forge new AI-related fundamental research areas such as the radical evolution of AI enabled by quantum physics and the combination of AI and biofunctions, researchers at the University of Tokyo involved in physics and medical fields-areas that the university excels in-will be assigned to the institute to realize AI integration. In conjunction with this, researchers at top universities abroad will be brought on board to create a world-class team that conducts advanced AI fundamental research.

(2)Commercialization of research results using new joint venture system

Promising results from fundamental research will be passed on to applied research for application to fields such as 'Health and Medical,' 'Public Works and Social Infrastructure' and 'Manufacturing.' Furthermore, the CIP system, which makes it possible to rapidly set up joint ventures between universities and companies, will be utilized to commercialize research. Using this system will create an ecosystem where it will be possible to quickly envision commercialization through joint ventures at the research stage and invest returns from business ventures into future research activities. This will in turn contribute to the nurturing of next-generation AI experts and educational activities (The Beyond AI Institute will also collaborate with DEEPCORE Inc., Innovation Platform for The University of Tokyo Inc. and related venture capital companies in forming ventures).

(3)Research facilities to be located at University of Tokyo's Hongo Campus and the future SoftBank headquarters in Takeshiba

The research facility dedicated to fundamental research will be located in the University of Tokyo's Hongo Campus and the research facility for applied research will be established at the future SoftBank headquarters in Takeshiba, which is expected to open during the fiscal year ended March 31, 2021. These two locations will be linked by the Science and Information Network (SINET) that is run by the National Institute of Informatics (NII) to build a structure that enables seamless transitions from research to commercialization.

Beyond AI Institute research and commercialization ecosystem Beyond AI Institute research and commercialization ecosystem Beyond AI Institute research themes (under consideration) Beyond AI Institute research themes (under consideration)

[Notes]

*

CIP system: a new R&D vehicle based on reforms by Japan'sMinistry of Economy, Trade and Industry (METI). Under the system, companies and universities become partners to rapidly set up joint ventures as corporations if research results are produced. The program was announced by METI at the Council on Investments for the Future.

SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.

Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 3.49% 1584.5 End-of-day quote.22.54%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
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