trending Market Intelligence /marketintelligence/en/news-insights/trending/4geSQcayBGQis6thIBmS8Q2 content esgSubNav
In This List

Sony forms new JV for artificial intelligence

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Sony forms new JV for artificial intelligence

Sony Computer Science Laboratories, a unit of Japanese electronics company Sony Corp., launched a new joint venture focused on artificial intelligence in partnership with U.S. and Japanese technology companies, the Nikkei Asian Review reported Nov. 22.

Japanese AI venture UEI Corp. and Silicon Valley-based startup incubator World Innovation Lab LLC have teamed up with the consumer electronics giant to establish a new company called Ghelia, which will serve as a platform to help companies gather data and develop AI programs, according to the report.

The Nikkei said UEI President Ryo Shimizu is expected be president of the new joint venture, while Sony CSL chief Hiroaki Kitano will be chairman.

Sony previously announced it would relaunch its robot dog Aibo, which uses AI, in January 2018 — 12 years after the company halted its production. In June, it also opened up its AI software for third-party use.