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Stock impact report

Panasonic Teams Up With Anthropic, Aims for 30% of Sales From AI [Yahoo! Finance Canada]

HITACHI LTD ADR (HTHIY) 
NASDAQ:AMEX Investor Relations: hitachi.com/ir-e
Most Read from Bloomberg “The way we work will change when we make full use of AI,” Kusumi said in an interview discussing the announcement of the partnership and initiative at CES in Las Vegas. Panasonic is among the first Japanese major electronics conglomerates to set AI-linked financial goals, although rivals such as Hitachi Ltd. and NEC Corp. have also built up their own expertise in the area. Kusumi, who has been agitating for greater change at the company since he became CEO in 2021, described the latest push as being critical for Panasonic's future. Calling it Panasonic Go, Kusumi said the company will offer AI-enabled products and services for customers, and also deploy the technology internally for development and to streamline workflows. Eventually, AI-related business will make up a third of revenue by 2035, from just a few percentage points right now, the CEO said. The partnership with Anthropic, which was founded in 2021 by former OpenAI employees and has become Show less Read more
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