Target Information

Tokyo University Innovation Platform Development Co., Ltd. (UTokyo IPC), located in Bunkyo, Tokyo, has decided to make an additional investment of 280 million yen into Citadel AI, a company based in Shibuya, Tokyo and led by CEO Hiroki Kobayashi. The investment will be executed through the Open Innovation Promotion No. 1 Investment Limited Partnership Fund, known as AOI No. 1 Fund.

This new financial backing for Citadel AI is part of a co-investment venture that includes leading industry players such as Coral Capital, ANRI, Suntory Holdings, and Mitsubishi UFJ Capital.

Industry Overview in Japan

The rapid advancement of generative AI has underscored significant concerns regarding its reliability, including issues of erroneous outputs, security vulnerabilities, and bias in AI technologies. As of June 14, 2023, the European Parliament adopted the EU AI Act, marking it as the first regulatory framework aimed at ensuring the safety and dignity in high-risk AI applications. This legislation mandates risk management processes and technical conformity testing for AI systems that could impact human life and safety.

Moreover, various other countries, including the U.S. and Singapore, are developing their regulatory frameworks, complemented by ongoing discussions within the G7 regarding AI governance. In Japan, the establishment of the AI Strategy Council further emphasizes the urgency of creating a trustworthy AI ecosystem.

The concept of

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