This Japanese AI unicorn has big plans to use deep learning to fix ‘real-world' problems [CNBC]
FANUC CORP UNSP/ADR (FANUY)
NASDAQ:AMEX Investor Relations:
fanuc.co.jp/en/ir/index.html
Company Research
Source: CNBC
The company has ventured into industries as varied as trucking, health care and robots. Compared with other AI solutions in the digital space, dealing with real-world changes requires a different approach, said CEO Toru Nishikawa. Preferred Networks has drawn the attention of big names such as automotive giant Toyota, which invested 10.5 billion yen ($95.4 million) in 2017 on top of an initial 1 billion yen in 2015. Toru Nishikawa (right), co-founder and chief executive officer of Preferred Networks, and Daisuke Okanohara, co-founder and chief executive researcher, with a Fanuc Corp. robotic arm at their company's headquarters in Tokyo, Japan, March 16, 2018. Preferred Networks is a little-known name outside of Japan, but the Toyota-backed artificial intelligence unicorn has big plans to use deep learning to fix “real-world” issues — with the end goal of going global. “For the past 10 years, we have been working on using AI to solve real-world problems,” chief executive rese
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