Fujitsu sets up new AI business in Vancouver
“Fujitsu Intelligence Technology” aims to deliver AI solutions and services.
Japanese tech giant Fujitsu Ltd (TYO:6702) continues to build up its artificial intelligence business. Today, Fujitsu announces the establishment of a new company that will formulate and carry out strategy for its AI business.
“Fujitsu Intelligence Technology”, which is based in Vancouver, Canada, started operations on November 1, 2018. The new entity aims to grow Fujitsu’s global AI business by bringing together the innovative AI technologies and solutions developed by the company in Japan and regions around the world, and then by providing these back to each region as global products and services.
Fujitsu notes that Vancouver is an area that. together with surrounding regions. is home to numerous research institutions, such as the University of Toronto which is engaged in world-leading AI and quantum computing research.Furthermore, these regions are loci of innovative business ideas from the IT industry, demonstrated by a diverse business ecosystem that has witnessed the proliferation of many cutting-edge startup tech companies, including the quantum-computing software developer 1QB Information Technologies Inc.
The new Fujitsu business is set to benefit from the strong support and cooperation of the British Columbia government, and the Canadian government. With its new Vancouver AIHQ, Fujitsu seeks to become a key player in the North American, and global AI ecosystems.
Fujitsu is known for its efforts to develop new AI solutions. In October, for instance, it announced a partnership with Blue Lab Co., Ltd., and Personetics Technologies Ltd. over the testing of an AI-powered solution for the delivery of personalized financial advice to bank customers.
Fujitsu Limited, Blue Lab Co., Ltd., and Personetics Technologies Ltd. have started a joint proof of concept (PoC) trial of AI-based solution Personetics Engage. The PoC trial is performed in collaboration with Moneytree K.K. The purpose of the trial is to test the benefits delivered by Personetics Engage and how well its AI-powered insights and recommendations fit with the needs of banking customers.