OpenAI has officially landed in Japan as the company opens its new Tokyo hub, reportedly the first international office of the tech giant in the archipelago and the fourth one globally.
Since the release of its ChatGPT in late 2022, OpenAI has now been valued at around $80 billion. Now, the artificial intelligence leader is trying to expand its revenue streams internationally with global hubs.
After opening offices in London and Dublin, the Microsoft-backed company is now expanding internationally by opening an office in Japan. Tadao Nagasaki, who was appointed President of OpenAI Japan, is leading the organization's initiatives in Japan.
(Photo: Jonathan Kemper from Unsplash) OpenAI's popular AI chatbot ChatGPT has been quite reliable when generating answers from the internet. However, users recently complained that it's giving nonsense responses even without prompts.
In addition to leading the business's commercial and market engagement initiatives, Mr. Nagasaki will assist in assembling OpenAI's local team, which will progress Global Affairs, Go-to-Market, Communications, Operations, and other departments that support Japan.
According to reports, OpenAI will first give local companies early access to a GPT-4 customized model specially tailored for the Japanese language.
This customized model is claimed to work up to three times faster than its predecessor, is more affordable, and performs better when translating and summarizing Japanese text.
OpenAI's new Tokyo location will also serve leading companies like Daikin, Rakuten, and TOYOTA Connected, which use ChatGPT Enterprise to automate difficult business procedures, support data analysis, and enhance internal reporting.
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OpenAI Move's Implications
According to Tech Crunch, there are several reasons why this move by the tech giant is important. It emphasizes the chance the company sees to seek business in the nation and draws attention to the fact that OpenAI will probably need to localize its technology in many languages as it grows.
Furthermore, practically speaking, OpenAI needs to be grounded to grasp and steer the currents in its favor as the benefits and drawbacks of AI become increasingly apparent to governments, their regulators, and the general public.
To compete with China, which is becoming more assertive, speed up the transition to digital services, and address the worsening labor crisis, Japan intends to leverage AI, most notably when the country's prime minister recently appealed to US executives for investments.
Japan Seeks US Investments
Last week, according to reports, Prime Minister Fumio Kishida sought to convince American executives to invest in the country's tech sector.
At a luncheon with American CEOs in Washington, the Prime Minister said Japan values American assistance in important and emerging technologies.
He claims that the economic boom brought about by US investments will finance more US investments by Japanese businesses, promising them that any investment will benefit both nations.
Kishida is in the US ahead of a meeting with President Joe Biden on Wednesday, which is expected to focus on defense and economic connections.
With over $750 billion in foreign direct investment last year, which created over a million jobs, Japan reportedly overtook all other foreign investors in the US, according to Kishida.
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