OpenAI Bids for Japan Business as It Opens Tokyo Office 

Journalists are silhouetted at OpenAI’s press conference about the opening of its first Asia office in Tokyo, Japan April 15, 2024. (Reuters)
Journalists are silhouetted at OpenAI’s press conference about the opening of its first Asia office in Tokyo, Japan April 15, 2024. (Reuters)
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OpenAI Bids for Japan Business as It Opens Tokyo Office 

Journalists are silhouetted at OpenAI’s press conference about the opening of its first Asia office in Tokyo, Japan April 15, 2024. (Reuters)
Journalists are silhouetted at OpenAI’s press conference about the opening of its first Asia office in Tokyo, Japan April 15, 2024. (Reuters)

Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo.

"This is just the first step in what I hope will be a long-term partnership with the people of Japan, government leaders, businesses and research institutions," OpenAI CEO Sam Altman said in a video message.

The startup, which has caused excitement among consumers since the launch of its ChatGPT generative AI chatbot in late 2022, is looking to grow new sources of revenue globally.

Altman and Chief Operating Officer Brad Lightcap have hosted hundreds of Fortune 500 company executives in the United States and Britain this month to pitch for business, Reuters has reported.

Last year Altman said he was considering a Japan location after meeting Prime Minister Fumio Kishida. The startup has also opened offices in London and Dublin.

Japan hopes to take advantage of AI as it looks to compete with an increasingly assertive China, accelerate the shift to digital services and alleviate deepening labor shortages.

"We have a backlog of demand," Lightcap told reporters in Tokyo, adding that "we expect a meaningful contribution from Japan over time," without providing details.

OpenAI said it has a custom model optimized for the Japanese language and that Tadao Nagasaki, who was president of Amazon Web Services in Japan, is heading the Japan business.

While the country is seen as a laggard in the technology, local companies including telcos SoftBank and NTT are investing in large language models.

OpenAI's customers in Japan include automaker Toyota Motor, manufacturer Daikin Industries and local government.

Microsoft said last week it would invest $2.9 billion over two years in cloud and AI infrastructure in Japan, part of a wave of investment globally by US tech giants.



SDAIA Showcases Efforts in Utilizing AI to Support Entrepreneurs at Saudi-Korean Business Forum

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
TT

SDAIA Showcases Efforts in Utilizing AI to Support Entrepreneurs at Saudi-Korean Business Forum

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)

The Saudi Data and AI Authority (SDAIA) participated in a working session centered around innovation and technology during the Saudi-Korean Business Forum in Seoul, South Korea.

Saudi Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi and a delegation of government and private sector officials are on an official visit to the Korean capital. The visit aims to bolster commercial relations in key economic sectors between both nations, strengthening their economic partnership.

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry.

At the forum’s Saudi Arabia pavilion, SDAIA showcased the Rowad initiative, a package designed to assist entrepreneurs and micro, small, and medium-sized enterprises in Saudi Arabia.

The initiative facilitates entrepreneurs and startups in verifying client data electronically by integrating with the National Information Center databases, ensuring top-notch safety, reliability, and supporting entrepreneurs' contributions to the national GDP. It enhances identity uses in emerging sectors and improves facility data quality.

SDAIA also presented plans for the third edition of the Global AI Summit, scheduled for Riyadh in September. Featuring over 250 speakers from across the globe, the summit will delve into AI potentials and its impacts across diverse fields.

SDAIA’s participation in the forum aligns with the Authority’s commitment to fostering partnerships with international entities. Through such collaborations, SDAIA strives to realize its vision of establishing a data-driven national economy, in line with the goals of Saudi Vision 2030, and positioning the Kingdom among leading countries in data and AI-driven economies.